The government has allowed foreign investors to enter the Russian Federation

The Government of the Russian Federation supported the initiative of the Ministry of Economic Development to provide foreign investors with the opportunity to enter the Russian Federation during the period of restrictions related to COVID-19.

We are talking about foreign citizens, owners or managers of enterprises operating in the territory of the Russian Federation, as well as foreign citizens entering the Russian Federation to participate in negotiations or sign agreements/contracts aimed at launching or implementing investment projects in the territory of the Russian Federation.

The Ministry will coordinate the formation and sending to the regulatory authorities of lists for entry into the Russian Federation of foreign investors. The corresponding changes have been made to the Decree No. 635 of the Government of the Russian Federation.

The lists will be formed on the basis of applications from regions interested in attracting foreign investors. It is planned that the period of consideration of the application from the moment of applying to the subject of the Russian Federation to inclusion in the entry lists will not exceed one month.

"We are trying to meet foreign partners who are interested in interacting with our country. The possibility of foreign entrepreneurs entering the Russian Federation to discuss projects in the regions will be an important step for the restoration and growth of business activity, as well as attracting investment from abroad.Of course, projects that involve the creation of new jobs are especially important for us," commented Maxim Reshetnikov, Minister of Economic Development of the Russian Federation.