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MIL OSI Translation. Region: Russian Federation –

At the meeting it is planned to consider the development of healthcare and pharmaceuticals; tax and customs legislation; trade, consumer market and technical regulation; energy, natural resources and ecology.

The event will be attended by First Deputy Prime Minister A.R. Belousov, Deputy Prime Minister V.V. Abramchenko and T.A. Golikova, Minister of Economic Development M.G. Reshetnikov, Minister of Natural Resources and Environment D.N. Kobylkin, Minister for the Development of the Far East and the Arctic A.A. Kozlov, Minister of Industry and Trade D.V. Manturov, Minister of Health M.A.Murashko, Minister of Energy A.V. Novak, Minister of Agriculture D.N. Patrushev, Minister of Finance A G. Siluanov, Minister of Digital Development, Communications and Mass Media M.I.Shadayev, Minister of Construction, Housing and Utilities V.V. Yakushev, coordinator of foreign participants of the Advisory Council on Foreign Investment in Russia Carmine Di Sibio, heads of member companies councils and organizations.

The meeting will be held via videoconference.

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The Advisory Council for Foreign Investments in Russia (FIAC) was established in accordance with the Resolution of the Government of the Russian Federation dated September 29, 1994, No. 1108 “On the intensification of work to attract foreign investment into the economy of the Russian Federation.” The Council is a permanent body that considers and prepares proposals on issues arising from foreign investor organizations during the implementation of investment projects in Russia.

The Chairman of the Advisory Council is the Chairman of the Government of the Russian Federation, Deputy Chairman and Chairman of the FIAC Executive Committee – Minister of Economic Development.

If necessary, representatives of companies and organizations that are not part of it, as well as independent experts, may be involved in the work of the advisory council in key areas of activity as experts.

In order to promptly resolve issues related to the activities of foreign investors, consider and implement the proposals and recommendations of the advisory council, as well as facilitate the implementation of related decisions and instructions, an executive committee of the FIAC was created. The meetings are held 1–2 times a year (spring, autumn).

Currently FIAC includes 53 largest foreign companies from 18 countries. The geography of projects implemented by companies – members of the FIAC covers over 50 regions of Russia. More than 187 thousand citizens of the Russian Federation work in the enterprises created by the FIAC.

A key feature of FIAC is the functioning of seven working groups on the most priority areas of state regulation, as well as constant interaction with federal executive authorities in developing proposals for creating a favorable investment climate. The priority areas of FIAC work include the development of a digital, low-carbon and knowledge-based economy; localization and regional development; improvement of tax, customs legislation and administration; consumer market development and technical regulation; development of healthcare and pharmaceutical industry; development of the banking sector and financial markets in Russia; and natural resources and the environment.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

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