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Aide to the President and State Council Secretary Igor Levitin and Sakhalin Region Governor Valery Limarenko held a meeting of the State Council Investment Commission.
The meeting was attended by President of the Russian Union of Industrialists and Entrepreneurs and State Council member Alexander Shokhin, representatives of federal and regional executive authorities, businesses and the expert community.
Deputy Minister of Economic Development Murat Kerefov spoke in detail about the Government's work to improve the mechanism for protecting and encouraging capital investment in the Russian Federation. One of the most important innovations proposed by the Government is the decision to entrust the regions with the power to conduct a preliminary review of investment projects and give their conclusion. This will enable the regions to better forecast budget revenues and expenditures, determine the need for labour resources in a timely manner, and plan the development of necessary infrastructure and its costs.
Commission Chairman, Sakhalin Region Governor Valery Limarenko reported on the proposals received from the regions to attract investment in the conditions of external sanction pressure.
The proposals approved at the meeting will be forwarded to the State Council working group on economic issues and preventing the spread of COVID-19 for further elaboration together with the Government Commission on Enhancing Economic Resilience to Sanctions.
May 30, 2022