The government of the Russian Federation has signed decrees which allow practical application of the "Law on Protection and Encouragement of Investment in the Russian Federation" that had been adopted in April 2020.
The "pilot mode" of the project will operate until April 2021, with signing agreements on paper. Further, it is planned to launch a special platform "Investments", which shall become an investment navigator for businesses.
The law does not apply to the gambling industry, production of tobacco and alcoholic beverages, liquid fuel, oil and gas production, as well as projects with foreign jurisdiction.
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