Ministry of Economic Development of the Russian Federation
Ministry of Economic Development of the Russian Federation
Maxim Reshetnikov and the Chairman of the State Duma Committee on economic policy have discussed the forecast on the social and economic development and IPPA legislation
20 October 2020 9:00

On Monday, October 19, the Russian Minister of economic development Maxim Reshetnikov held a working meeting with the Chairman of the State Duma Committee on economic policy, industry, innovative development and entrepreneurship Sergey Zhigarev.

During the meeting, the issues related to the Ministry's forecast on social and economic development of Russia for 2021-2023, as well as the harmonization of legislation in connection with the adoption of the Federal law "On protection and promotion of investment and development of investment activities in the Russian Federation" were discussed.

"We still believe that we are not considering the option of a second lockdown," Maxim Reshetnikov said. He noted that foreign countries act in the same logic abd  realize the consequences of large-scale restrictive measures for their economies. "On behalf of the Prime Minister, we found a consensus on the forecast with the Ministry of Finance, the Government has discussed and approved the forecast," the Minister recalled.

Sergey Zhigarev said that deputies have prepared proposals for the draft law being developed by the Ministry of Economic Development which amends various legislative acts in connection with the adoption of the law on IPPA. "The investment protection bill is one of the main regulatory documents adopted by the country's Parliament," he said. "We are creating a real and predictable situation for investors." "In conditions of instability of the world market prices on oil and sanctions, the game rules are important for investors, the development of their investments, the understanding that no tax or other changes will affect capital investments, and the benefits that investors receive will be stable and will not depend on the economic situations," he added.

Following the meeting, the parties agreed to intensify cooperation on issues related to the Committee's activities. Maxim Reshetnikov has accepted an offer to take part in one of the meetings of the Committee on Economic Policy in videoconference format.

Дата публикации: October 20, 2020
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