The Ministry of Industry and Trade of the Russian Federation proposed to address preferences for projects in the Arctic

06.03.2019

The Ministry of Industry and Trade of the Russian Federation proposed to address preferences for projects in the Arctic

The Ministry of Industry and Trade of the Russian Federation has prepared proposals that will help explore mineral and raw and logistical potential of the Arctic. Climate conditions and infrastructural restrictions were also taken into consideration.

«Support for the implementation of investment projects may require additional preferences», — the RIA News quotes the Ministry’s report.
 
The Ministry of Industry and Trade of the Russian Federation proposed to address preferences for such investment projects, to strengthen the values of the territorial coefficient when determining the initial payment for the right to use the subsurface resources of the Arctic zone and consider the country’s participation in the construction of the necessary infrastructure if it corresponds to the plans for the social and economic development of the regions.



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