Date: 4 weeks ago   Category: Industry

The State Duma will consider the bill of the new SPIKOV mechanism on May 28 — Rambler News Service


The State Duma will consider drafts federal law on the new mechanism of support of private investments "Spetsinvestkontrakt 2.0" (SPIK 2.0) in the first reading on May 28, 2019, the Minister of Industry and Trade of the Russian Federation Denis Manturov reported. "The SPIK advanced tool will be focused on development and a transfer of technologies. Actually, the vector will be displaced from the solution of mainly investment tasks towards development and transfer of new technological competences. Within the new mechanism competitive selection will be made on the principles of publicity, at the same time the entrance threshold on the minimum volume of investment is excluded, and the deadline of action of SPIK will increase up to 20 years", – Manturov whose words are cited by the press service of Minpromtorg explained. According to the ministry, adoption of these bills will contribute to the development of the competition during implementation of SPIK and to attraction of long-term non-state investments into the projects providing implementation of modern technologies. Earlier it was reported that the Government of the Russian Federation coordinated key parameters of action of the new version of special investment contracts which can be concluded with the producer exclusive, not manufactured in Russia products. In general the mechanism of special investment contracts operates in Russia since 2015. The special investment contract is an agreement between the investor and Russian Federation (or its subject) in which obligations of the investor are fixed (to develop production of industrial output in the provided time) and the Russian Federation or its subject (to guarantee stability of tax and regulatory conditions and to provide measures of stimulation and support). Period of validity of SPIK is equal to the term of a release of the project to operating profit plus 5 years, but no more than 10 years.

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