Russian Deputy PM, business union mull bill to protect investment

MOSCOW, Oct 7 (PRIME) -- Deputy Prime Minister Dmitry Kozak and the Russian Union of Industrialists and Entrepreneurs have discussed a bill on promotion and protection of private investment in Russia, Kozak’s spokesman Ilya Dzhus told PRIME late on October 4.

“Kozak has held a series of meetings with the union regarding amendments to the investment code. On October 3, they discussed the need to formalize liabilities of the state not to worsen conditions for business and introduce a stabilization clause for new and existing investment projects,” he said.

The Finance Ministry earlier developed a bill to promote and protect investment in Russia, which is to be submitted to the State Duma, the parliament’s lower house, already in the spring of 2019.

But a source in the presidential administration said in July that the document did not pass the coordination process as the administration, the Economic Development Ministry, and the Federal Antimonopoly Service criticized it. A group of experts developed an alternative bill on Kozak’s order.

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