Amendments to the drafts of federal laws regulating investment processes in the Russian economy were discussed during a session of the Federation Council Committee on Economic Policy.
Leningrad region actively participates in discussion, during the session the region was represented by First Deputy Chairman of the Committee for Economic Development and Investment Activity Anton Finogenov.
The package of bills aimed at protection and stimulation of investments and development of investment activity in Russia was passed in the first reading by the State Duma. Currently the members of the Committee prepared and made amendments to the second reading of the bill taking into consideration problems identified by regions and experts.
The participants of the session noted that several issues should be developed additionally, although basic principles about invariability of conditions for business and consolidation of support measures for investment projects receive unconditional support. For example, the senators are worried about the fact that general regulation of all investors with budgetary participation not only carries risks for implementation of current concession agreements, agreements on public-private partnership, but will also create serious additional restrictions while launching new projects.
Anton Finogenov told that another risk for regions is creation of frameworks outside of which regions are not able to make decisions about conclusion of agreements with investors on protection and stimulation of investments and development of investment activity. For example, if investors invest more than 1 billion rubles of own funds they have to conclude such agreements at the federal level.
Today the Committee continues to monitor improvement of the bill taking into consideration comments and suggestions concerning creation of favourable conditions for investment activity in the Russian Federation.
