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Saint Petersburg International Economic Forum 2014

Russia ready to discuss terms of work on Crimean shelf with all companies - Dvorkovich

“If companies are ready to implement projects in the Black Sea in the zone, which is now in Russia’s jurisdiction, we are ready to discuss it with them,” he said

ST. PETERSBURG, May 23 /ITAR-TASS/. Russia is ready to discuss terms of work on the Crimean shelf with foreign companies, which signed contracts with the Ukrainian authorities, Russian Deputy Prime Minister Arkady Dvorkovich said on Friday at the St. Petersburg International Economic Forum.

“If companies are ready to implement projects in the Black Sea in the zone, which is now in Russia’s jurisdiction, we are ready to discuss it with them,” he said, adding that such talks should be initiated by companies. “It is up to companies to make the first move. So far, they are not doing this, waiting for the settlement of bigger problems,” he noted.

According to Dvorkovich, foreign companies willing to continue their work on the Crimean shelf projects are not obliged to wait for their countries to recognize Crimea’s accession to Russia. “Recognition is an issue within the competence of a state, not companies,” he said, adding that tax regime applicable to these projects would the same as for Russian Black Sea shelf projects.

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