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Meeting of State Council Investment Commission

March 31, 2021, Moscow

Presidential Aide and State Council Secretary Igor Levitin and Sakhalin Region Governor, Chair of the State Council Investment Commission Valery Limarenko co-chaired the Commission’s meeting. Deputy Prime Minister Andrei Belousov attended the meeting. 

Taking part in the meeting were Minister of Economic Development Maxim Reshetnikov, Tula Region Governor Alexei Dyumin, President of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin, Director-General of the Agency for Strategic Initiatives to Promote New Projects Svetlana Chupsheva, representatives of the concerned federal and regional executive agencies, business circles and the expert community.

Opening the meeting, Igor Levitin noted that issues of improving the investment climate in the regions were becoming particularly topical in connection with the Russian leader’s task of boosting investment by 2030 by at least 70 percent on 2020.

First Deputy Minister of Economic Development Andrei Ivanov discussed the Government’s work to support investment projects, including the efforts being made to streamline the mechanism of agreements on investment protection and incentives, a system for supporting investment projects in the country’s regions, industrial construction regulations, as well as the introduction of financial tools providing affordable funding for investment projects.

In his report, Valery Limarenko underscored the key role of the regions in improving the investment climate and dwelled on issues of introducing modern, easily comprehensible standards for cooperation between investors and government agencies, including the creation of an investment website allowing investors to obtain essential information for implementing regional projects.

Meeting participants also discussed a plan of the Commission’s work.

March 31, 2021, Moscow