PRESS: Russia’s anti-crisis plan to focus on business climate

MOSCOW, Jan 28 (PRIME) -- Russia’s anti-crisis plan proposed by the Economic Development Ministry suggests cutting state participation in the economy, fewer checks of companies, and better court and police services, business daily Vedomosti reported Thursday, citing a draft project.

Two participants of a meeting with President Vladimir Putin said that he accepted the measures but the sources of financing remain unclear.

Whereas the 2015 anti-crisis support was targeted at banks, the new plan offers more measures to support small and medium-sized business: it simplifies patent reception for self-employed people, extends assess to state purchase tenders, sets a moratorium on checks by watchdogs for newly established firms and includes a “risk-oriented approach.”

The ministry admitted that the police and courts are often involved in commercial competition, which must be fought against. The police must become “one of the key guarantors of property rights protection and equal ‘rules of the game’ for business,” according to the draft.

The plan also includes the privatization goal.

The government will disburse up to 10 billion rubles for the transport engineering from its anti-crisis fund and 1.4 billion rubles for the light industry. It will give 88.59 billion rubles from the budget and 49.1 billion rubles from the anti-crisis fund and increase guarantees by 20 billion rubles.

The main sources of financing will be the federal budget with 310 billion ruble subventions and the government’s anti-crisis fund with 220 billion rubles.

(78.9969 rubles – U.S. $1)

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