Russian Federation Economic Zone

Dear Member,

In the letter sent to our Chamber by TOBB, with reference to the letter of the Ministry of Industry and Technology dated 11.01.2022 and numbered 3247793, it is stated that the Russian Federation (RF) invites Turkish investors to invest in the Astrakhan Region, located at the intersection of the North-South Transport Corridor (INSTC) and the northern section of the Great Silk Road, on the shore of the Caspian Sea, with 8 countries having a population of more than 300 million within a radius of 1000 kilometres around it.

It is stated that the Lotus Industrial Production Special Economic Zone (SEZ Lotus) and the Port Special Economic Zone (Port SEZ) located in the said region were established pursuant to Decree No. 1214 of the RF Government dated 18 November 2014, that 16 tenant companies are currently operating there, and that work on engineering infrastructure, roads and regional development is ongoing.

It is planned to make the Astrakhan Region the only special economic zone in Russia with access to the markets of the Caspian Sea, India, Southeast Asia and Middle Eastern countries. It is stated that the INSTC is the shortest and most economical route for transport from these regions to Europe, providing, for example compared with the route through the Suez Canal, savings of more than half the time and 30% of the cost. It is stated that tenant companies may carry out production activities in accordance with the port special economic zone activity agreement, including the storage of goods typically carried out at a port; the supply and equipping of ships; the production, repair, maintenance and modernisation of offshore and river vessels and other components; the processing of aquatic biological resources; operations for preparing goods for sale and transport (packaging, sorting, repackaging, splitting of lots, marking and similar operations); simple assembly and other operations; barter of goods; wholesale trade of goods; and ensuring the operation of the port special economic zone infrastructure. On the other hand, information is also provided that the tenants of the Special Economic Zones are offered tax and customs privileges (under the laws of the Russian Federation); free connection to public utility infrastructure; a "one-stop-shop" system overcoming administrative barriers in commercial activities; strong logistics facilities (rail, road and shipping); preferential land lease conditions; and the possibility of purchasing the land after the completion of real estate construction on it.

Detailed information, supported by various visual materials, on the port activities that a SEZ Lotus and Port SEZ tenant may carry out, the conditions for becoming a tenant and the promotion of the zone is provided in the attached brochure; in addition, for more detailed information, the website www.sezlotos.ru may be visited or contact may be made via the e-mail address [email protected].

For details

 

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Date Added :2022-01-24 04:48:00