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13 November , 16:35

Russia has expanded its technologies list for concluding investment contracts

The Russian government has expanded the list of modern technologies during the development or implementation of which companies can enter into special investment contracts (SPIC). By order of the country's Prime Minister Mikhail Mishustin, 69 more items were added.

We are talking about technologies for medicine and pharmaceuticals, the chemical and radio-electronic industries, power engineering, and metallurgy. These include the production of a high-definition digital and video system, reinforced vascular prostheses and devices for early diagnosis and treatment of malignant tumors, AI technologies for early diagnosis and control of the treatment of cardiovascular diseases, and others.

“Within the framework of the SPIC mechanism, the investor, within the period stipulated by the contract, undertakes to implement an investment project for development based on one or another technology for the serial production of industrial products in Russia. The state guarantees such an investor favorable, clear, and constant investment conditions, including tax benefits and special conditions for leasing land without bidding. Contracts are concluded for up to 15 years if investments in the project do not exceed 50 billion rubles. The agreement's validity period can be increased to 20 years with a larger amount,” the Russian government noted.

Earlier, a new super service for investors in the construction industry was created in Bashkiria.

Author: Ivan Vavilov

Translated by:Tatyana Aksyutina
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