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Veto on Federal Law to amend the law on Skolkovo Innovation Centre

December 12, 2012

Vladimir Putin vetoed Federal Law On Amendments to the Federal Law On Skolkovo Innovation Centre, passed by the State Duma on November 23, 2012 and approved by the Federation Council on November 28, 2012, and submitted to the President for signing and promulgation, on the following grounds.

The federal law fails to define the criteria and parameters for the assessment of the Skolkovo Innovation Centre’s effectiveness in the economic, social and scientific spheres. The law does not fill the existing gaps in the Russian legislation with regard to intellectual property rights regulation and does not address the needs of innovative companies. At the same time, the status of the existing science towns is abolished.

In addition, the law grants the Skolkovo Innovation Centre management company the right to approve urban planning and design standards and identify the list of necessary planning permits and authorisations and construction phases, which is called into question. In line with Russian legislation, this function is the responsibility of relevant state agencies and local authorities.

The President believes that the shortcomings identified in the federal law need to be addressed.

December 12, 2012