Investors realizing their projects in the Far East will be able to receive an investment loan in Russian banks in rubles, dollars or yuan at a cost of 1% per year
The corresponding decree of Minvostokrazvitiya (Ministry for Development of Russian Far East) was prepared on behalf of the Prime Minister Dmitry Medvedev. This became known during the final meeting of the Collegium of the Ministry for Development of Russian Far East in Vladivostok today, March 6, reported the Ministry.
"The mechanism will work already this year. Banks that provide such a loan will receive the necessary federal subsidy. Thus, we will be able to solve one of the main problems that concern the Far Eastern investors most of all - the inaccessibility and high cost of borrowed financial resources,” said Aleksandr Galushka speaking at the final Collegium of the Ministry of the Russian Federation for the Development of the Far East.
In addition, on behalf of the President of Russia Vladimir Putin, the Government of the Russian Federation together with the Bank of Russia worked on the issue and supported the establishment of a competitive financial center in the Freeport of Vladivostok on the scale of the Asia-Pacific Region.
It is proposed to open branches of foreign credit organizations in the Free Port without the right to attract deposits from citizens; trading and investment platform for digital financial assets; specialized investment court. It is also planned to simplify and shorten the terms of the procedure for issuing securities.
"The task of this year is to prepare the necessary legislative framework for the work of these mechanisms," said Aleksandr Galushka.
Recall, on March 6 in Vladivostok on the site of the Far Eastern Federal University there is a meeting of the final board of the Ministry of the Russian Federation for the Development of the Far East. The results of the first stage of work on the accelerated development of the Far East for 4.5 years are summed up. Also the Collegium discusses the tasks for 2018 and the subsequent 6-year cycle.
The Collegium is attended by Deputy Prime Minister - Plenipotentiary of the President in the Far Eastern Federal District Yuri Trutnev, heads of development institutions: the Agency of the Far East for attracting investments and supporting exports, the Corporation for the Development of the Far East, and the Agency for the Development of Human Capital in the Far East. The event is attended by governors of the Far Eastern regions, members of the Collegium of the Ministry of the Russian Federation for the Development of the Far East and the Public Council under the Ministry, representatives of federal and regional authorities, the deputy corps and the public.