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Ministry of economic development of the Russian Federation

Vladimir Putin orders to consider conditions for special investment contracts extension

20.05.2020

Deadlines to honor investment commitments under special investment contracts can be postponed because of the coronavirus pandemic, Russian President Vladimir Putin said on Wednesday.

Investment plans of machine-building companies, fertilizer producers and other enterprises can be revised for objective reasons in the current situation, according to the president.

"Therefore, I agree. Fulfillment of investment commitments by the business [can] be moved to the right, postponed until a later date for special investment contracts and competitiveness improvement programs," Putin said, asking the government to work out terms of such a postponement.

Export and import

Export figures of Russian agricultural products are satisfactory but imports do not decline, the president noted. Agricultural exports from Russia totaled $25 bln in 2019.

"This is merely an incredible figure, compared to prior periods of the agricultural sector development. Nobody thought 10-15 years ago that this could actually take place," he said. "Nevertheless, our exports [of agricultural products] dropped by 1% last year," the head of state noted, specifying that there are objective reasons for that.

Source: TASS



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