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Meeting of State Council Investment Commission

December 6, 2022

Presidential Aide and State Council Secretary Igor Levitin and Sakhalin Region Governor Valery Limarenko co-chaired a meeting of the State Council Commission on investment, which also included First Deputy Prime Minister Andrei Belousov.

Taking part in the meeting were Governor of the Kemerovo Region – Kuzbass Sergei Tsivilev, Governor of the Orel Region Andrei Klychkov, Chair of the Federation Council Committee on Budget and Financial Markets Anatoly Artamonov, President of the  Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, General Director of the Agency for Strategic Initiatives to Promote New Projects Svetlana Chupsheva, representatives of the concerned federal and regional executive agencies, as well as business and expert communities.

In his opening remarks, Igor Levitin said that attracting investment in the current circumstances was one of the most important issues and should contribute to ensuring Russia’s technological and industrial sovereignty. According to the State Council Secretary, it is especially important to maintain a systemic dialogue between regional administrations and investors regarding opportunities for starting and doing business, as well as to help companies find markets for their products and complete supply chains, while keeping track of the basic processes related to businesses’ access to resources.

Deputy Minister of Economic Development Murat Kerefov reported on the introduction of the regional investment standard, and highlighted the best practices for working with investors used by the regions that confirmed the adoption of this standard in 2022.

The Commission Chairman, Governor of the Sakhalin Region Valery Limarenko spoke about the successful experience of supporting investment in the region using project management, lean technologies and data management.

First Deputy Prime Minister Andrei Belousov noted in his remarks that a region’s investment appeal depended on the degree of effectiveness of the regional team. He stressed the importance of implementing three major processes – adopting the regional investment standard, monitoring of the process by business associations and entrepreneurs, and also the introduction of a system of incentives for the regions.

The Commission will work out proposals based on the discussion for further use by federal and regional executive bodies responsible for the implementation of investment projects.

December 6, 2022