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Amendments to law on the Russian Federation’s industrial policy regulating special investment contracts

March 14, 2022

Vladimir Putin signed Federal Law On Amendments to Article 2 of the Federal Law On Amendments to the Federal Law On the Industrial Policy of the Russian Federation in Regard to the Regulation of Special Investment Contracts.

The Federal Law provides for the possibility of extending the term of a special investment contract if a foreign state, state association, union or a state (interstate) institution of a foreign state, state association or union has introduced unilateral restrictive measures against the Russian Federation or an investor and (or) other persons listed in a special investment contract involving the Russian Federation, which impede the implementation of an investment project in accordance with the contract in question. At the same time, the Government of the Russian Federation is vested with the authority to establish additional terms for changing and terminating such special investment contracts in 2022.

In addition, from the day this Federal Law comes into force, special investment contracts can be concluded with the purpose of creating and (or) modernising and launching the production of industrial products.

March 14, 2022