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Crimea’s government drafts law on special economic zone

July 12, 2014, 11:43 UTC+3 SIMFEROPOL
Earlier this week, Russia’s Prime Minister Dmitry Medvedev told the government about necessary economic conditions to implement all plans for Crimea
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© ITAR-TASS

SIMFEROPOL, July 12, /ITAR-TASS/. Government of the Republic of Crimea will present before August a bill on organisation in the republic of a special economic zone, the republic’s Acting Head Sergei Aksenov told reporters on Saturday.

“I believe, by August 1 it [bill] will have all the provisions, and Crimea’s government will present it to the State Duma and to Russia’ government,” he said.

“We want the bill to reflect the standard approaches to organisation of special economic zones in the Russian Federation; it should contain specific approaches, which will be very attractive for major capitals,” the republic’s head said. “Businesses will come here, and we shall even have to filter those who today want to invest in Crimea.”

Earlier this week, Russia’s Prime Minister Dmitry Medvedev told the government about necessary economic conditions to implement all plans for Crimea.

“I mean a special economic regime,” the prime minister said. “There working conditions, most likely, should differ from similar zones in the country’s other parts in additional lowering of administrative and customs barriers and in most favourable investment climate.

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