Some companies think about renewal in special administrative regions

© RIA Novosti / Alexei Filippoupolitis in fotomancer of economic development of Russia Maxim Oreshkin on IV Eastern economic forumSome companies think about renewal in special administrative regions© RIA Novosti / Alexei Filippoupolitis the image Bank

A number of companies, in addition to RUSAL, is interested in re-registration from the foreign jurisdiction in the special administrative regions of the Russian Federation (SAR), said the Minister of economic development of the Russian Federation Maxim Oreshkin in an interview with RIA Novosti on the sidelines of the WEF.

«We have created all the mechanisms for working with companies, it is clear that, even having got in a difficult situation, try to get as many as possible to extract benefits for themselves, so here is a study of all initiatives, for example, has signed the law on the special administrative regions. It enables re-registration of companies under Russian jurisdiction,» — said Oreshkin.

«There are companies just waiting for everyone else… All it is important to understand that the mechanism is already created that you can re-register with the minimal cost that were previously impossible. Here, our suggestion is not to wait for negative signals from outside and to be prepared for the fact that you can work from Russia», — said the Minister, answering a question, wondering if another company besides «Rusala» re-registration in SAR.

«We need positive examples that we are working out with these examples, I think that such companies will become more and more,» he added.

The main goal of SAR is to minimize the consequences of sanctions by foreign States. And in August plans for re-registration in one of the special administrative regions of the Russian Federation announced the two companies that fall under US sanctions as controlled by businessman Oleg Deripaska: RUSAL plans to the primary structure of United Company Rusal Plc (Rusal), En+ Group — a subsidiary of En+ Holding Limited, which comprises the energy segment.

Fourth Eastern economic forum will be held at the site of the far Eastern Federal University campus on the Russian island on September 11-13. MIA «Russia today» is the General information partner of the WEF.Some companies think about renewal in special administrative regionsIV international economic forum