Laws to improve the special investment contracts mechanism are passed

KPMG Review

KPMG Review

On 2 August 2019, the President of the Russian Federation signed through a package of laws1 to improve the SPIC mechanism. These were submitted by the Russian Federation Government to the State Duma on 16 April 2019 to attract long-term non-governmental investment into high-tech projects and encourage import substitution. Please, see the detailed review in the pdf attached.