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MIL OSI Translation. Region: Russian Federation –

The main topic of discussion was the draft investment declaration of the constituent entity of the Russian Federation. On behalf of Andrey Belousov, it must be approved by the end of July, finalizing the project with the participation of public organizations, and send it to the regions.

Andrey Belousov at the second meeting of the State Council Commission on “Investments”

The second meeting of the State Council Commission on “Investments”

At a meeting of the State Council Commission on Investments under the leadership of the First Deputy Prime Minister, co-chairman of the commission Andrei Belousov, as well as the Governor of the Sakhalin Region, Chairman of the Commission Valery Limarenko, the structure of the investment declaration of the constituent entity of the Russian Federation and the method of its formation, as well as the inclusion of the Chelyabinsk Region in the list were discussed pilot subjects of Russia.

This work is being carried out within the framework of the instructions of the President of Russia following the results of SPIEF-2021. The government was instructed to create a support system for new investment projects and ensure its implementation by 2024 in all constituent entities of Russia, primarily in regions where investment attraction is at a low level.

According to Andrey Belousov, the purpose of the investment declaration is to clearly formulate the prospects for the development of the region for business, taking into account the investment strategy and competitive advantages. It is important that the team that is responsible for a large investment project in the region has experience and competence in the field of investment, he said.

“One of the key objectives of the project is to establish trust between the investor and the state,” emphasized Andrey Belousov.

“Several months have passed since our first meeting. All this time, we, in close cooperation with the Government of Russia and the regions, continued to work on creating a system for launching and supporting investment projects. Investment declarations should be the basis for this. It is important that the declarations will not only familiarize with the potential of each region, but also consolidate the authorities’ commitment to investors. And ultimately they will contribute to the development of territories and improve the quality of life of people, ”commented Valery Limarenko.

First Deputy Minister of Economic Development of Russia, Executive Secretary of the Commission, Andrei Ivanov, presented the principles of forming the investment declaration of the constituent entity of the Russian Federation and its structure.

“The declaration is a guarantee of the governor as a representative of the subject of Russia to the investor about the inviolability of state support measures and business conditions. The Declaration is not an informational or analytical document and a navigator on federal or regional legislation, as well as an “atlas of support measures,” “Andrei Ivanov emphasized.

Andrey Belousov instructed the Ministry of Economic Development and Trade to finalize the draft investment declaration, taking into account the proposals of the meeting participants, to send it to the Russian Union of Industrialists and Entrepreneurs and Delovaya Rossiya by the end of the week. By the end of the month, the revised guidelines with the draft investment declaration should be sent to the regions for the development and approval of investment declarations in the constituent entities.

In 2021, the investment declaration standards are planned to be introduced in 11 pilot regions: Moscow, Voronezh, Sakhalin, Moscow, Nizhny Novgorod and Tula, Novgorod, Chelyabinsk regions, Trans-Baikal Territory, the Republics of Tatarstan and Mordovia.

“Subjects must adopt the necessary regulatory legal acts and launch the declaration into operation by October 30. The investment declaration represents the region’s commitment to the investor, ”said Andrei Ivanov.

Deputy Governor of the Chelyabinsk Region Yegor Kovalchuk, speaking at the meeting on the inclusion of the region in the list of pilot ones, noted the importance and relevance of the initiative to create a system of support for new investment projects in all regions from six components. This approach makes it possible to move from competition based on the volume of regional budgets to the plane of equal conditions for investors and uniform rules of work, using the best practices.

Separately, the application of infrastructure bonds to finance the construction of engineering, transport, social and housing infrastructure was considered.

“The demand for investment in infrastructure in Russia is now colossal, the infrastructure creates a high multiplier effect. In this regard, the Government has developed an infrastructure menu, the implementation of which will allow the regions to provide new microdistricts with the necessary road, engineering and social facilities, improve the quality of the urban environment, and increase the volume of housing construction. Infrastructure bonds “DOM.RF” are one of the key menu instruments. The mechanism allows developers to attract concessional and long-term financing. At the moment, the entire regulatory, technical and financial base for launching the mechanism in the regions is ready, the first project has been approved. At the first stage, we plan to implement 8 projects in at least 6 pilot regions by the end of 2021. Within the framework of these projects, more than 3.2 million square meters will be commissioned. m, the total project budget will amount to 215 billion rubles, and directly on infrastructure – 24 billion rubles, ”commented Artyom Fedorko, Deputy General Director of DOM.RF.

The committee’s meeting was also attended by Anatoly Artamonov, Chairman of the Federation Council Committee on Budget and Financial Markets, RSPP President Alexander Shokhin, Delovaya Rossiya President Alexei Repik, Chairman of the Board of Directors of the ESN Group of Companies Grigory Berezkin, heads of constituent entities of the Russian Federation, representatives of federal bodies executive power, members of the commission, as well as invited speakers – acting First Deputy Prime Minister of the Republic of Tyva Alexander Brokert; Deputy Governor of St. Petersburg Maxim Sokolov.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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