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Sanctions and crisis complicated performance of many license agreements — deputy PM

March 30, 2015, 21:38 UTC+3 MOSCOW
License agreements difficult to be performed in view of changed economic environment on the market and complicated access to loan resources because of sanctions were found, deputy PM says
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Vladimir Putin, Alexander Khloponin

Vladimir Putin, Alexander Khloponin

© Alexey Nikolsky/Russian presidential press service/TASS

MOSCOW, March 30. /TASS/. Western sanctions, recession and difficulties with loans made performance of nearly 800 license agreements challenging, deputy prime minister Alexander Khloponin said during the working meeting with Russian President Vladimir Putin.

License agreements difficult to be performed in view of changed economic environment on the market and complicated access to loan resources because of sanctions were found when actualizing license agreements, Khloponin said. "These are largely in hydrocarbon resources’ field, about 800 licenses requiring prompt action so that companies can continue developing and licenses are not revoked," he added.

"It is only needed that violations related to performance of licenses are subjected to an objective review and exclude the objective reasons unrelated to the business of the license holder," the head of state said. "This is because things exist not depending on him, when he cannot work because the state does not provide certain conditions for performance. This should be addressed without fail," Putin said.

"We will definitely take that into account," Khloponin said in his turn.

Certain agreements were issued with errors from the very beginning, the deputy prime minister said. "These are technical errors requiring major corrections," he added.

Licenses issued even before 1990 are "tremendous," the deputy minister said. "There is a huge scope of licenses acquired by businesses and operating under old principles that do not correspond at all to current regulatory documents and acts," Khloponin said.

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