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Executive Office   /

Meeting of State Council Commission on Investment

February 14, 2025

Sakhalin Region Governor, Chair of the State Council Commission on Investment Valery Limarenko chaired the Commission’s regular meeting that was attended by representatives from federal ministries and heads of the regions.

The main subject of discussion was the performance indicators of the National Model of Target Conditions for Doing Business.

Presidential Aide, State Council Secretary Alexei Dyumin emphasised that under current conditions, it is imperative to effectively structure efforts to enhance regional investment climate while reducing investors’ expenditure of time and money. The National Model serves as a key mechanism for addressing this objective – within its framework, the Agency for Strategic Initiatives and the Ministry of Economic Development have formulated individual sets of key performance indicators for each region through to 2030.

“It is vital that the developed indicators comprehensively account for each region’s specificities, that our constituent entities are assigned realistic, achievable objectives, and that regions remain motivated to refine their business environment and strengthen project management teams. Accordingly, they must immediately commence the development of action plans (roadmaps) for improving investment climate to meet the National Model’s benchmarks. I request the Ministry of Economic Development and the Agency for Strategic Initiatives to provide regions with all the necessary support,” Alexey Dyumin underscored.

Director General of the Agency for Strategic Initiatives Svetlana Chupsheva presented the National Model’s core regional metrics. These include the timeframes and procedural steps required for obtaining construction permits, securing utility connections, registering property rights, alongside indicators related to regulatory oversight and the advancement of small and medium-sized entrepreneurship. Target values for each metric have been established for 2027 and 2030.

The second matter on the agenda was mortgage lending. As noted by Valery Limarenko, this serves as a significant stimulus for housing construction development.

“The Commission has recently received appeals that preferential mortgage programmes, including the Far Eastern, Family, and Military programmes, are not being implemented in full. We recognise that slower construction rates could lead to negative consequences for one of the key economic sectors and have an impact on the citizens’ quality of life. Therefore, we have introduced this problem for discussion and are currently working on ways to resolve it,” stated Chair of the State Council Commission on Investment Valery Limarenko.

February 14, 2025