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Dmitry Medvedev to personally supervise economic push in Eastern Siberia and the Russian Far East

By 0 and 0 and 0
15 January 2014


'A five-year grace period for income, land and property taxes, and a reduction in insurance contributions'. Picture: Dmitry Medvedev's Facebook

The development of the eastern half of the country is seen as a long term Kremlin priority at the centre of President Vladimir Putin's plans for economic growth. 'Special conditions will be created for entrepreneurs running their own businesses [in Siberia or the Far East],' Medvedev told the annual Gaidar Economic Forum in Moscow. I will be personally engaged with this'.

He will 'supervise the application of financial incentives in Siberia and the Far East that include a five-year grace period for income, land and property taxes, and a reduction in insurance contributions,' reported RIA Novosti. An investment programme was approved last year allocating a minimum of 100 billion rubles ($3.2 billion) annually to Eastern Siberia and the Far East.

Medvedev also urged regional and local leaders to do more to woo investors. 'Regional and local authorities bear special responsibility for improving business climate. They should play the main role in the fight for investors,' he said. 'The investor understands that it is needed to go where it is profitable, convenient and safe to work. And as people say quite cynically very often that patriotism ends where a tax declaration should be filed.'

Economic development depended 'on your readiness to help those who invest money and energy in their business', Medvedev added. Major infrastructure projects are earmarked for a region stretching from the regions of  Khakassia and Krasnoyarsk to the Pacific. It will include a transport revolution including improvements to the Trans Siberian Railway and the Baikal Amur Mainline. 

A key aim is for Russia to exploit its role as an Asian country. Yet Eastern Siberia and the Far East is seen as suffering from 'decaying infrastructure, geographic isolation, extreme weather, a declining population and uncompetitive enterprises left over from the era of Soviet central planning', said RIA Novosti.

Comments (2)

This is the man that once had the chance as President to change Russia for the best when he was President...& what did he do let his sidekick be Prime-Minister for 4 years & yet act the part as President. And then he handed back the baton to his sidekick for another 4 year & maybe for ever as that is what Putin is, a right forever Dictator. The only thing Medvedev was good at though was at playing "Musical Chairs"!

Siberian Times, you might not like my sentiments these past few days, but, "Sometimes one has to be cruel, to be kind"!
jojnjo, Dublin
31/08/2014 23:35
It hasn't been the siberian winters which have caused the suffocation of progress in this mostly unexplored region of Russia, it has been the inability of Russia to recognise that Siberia is Russia's treasure trove, an area rich in minerals, energy resources and of unique beauty.

Siberian Cities that can offer so much for tourism are restricted not by isolation but by very poor infrastructure .

Some of the "Highways" are no better than goat tracks, and in 2014 this is almost unforgiveable .

The people of Siberia have every right to be unsatisfied by past political priorities. Millions of dollars waiting to be spent by foreign investments and thousands of siberians being employed stopped by narrow minded myopic bureaucrats .

I hope sincerely that Dmitry Medvedev has the vision to recognise Siberia's's true potential in both Minerals and Tourism,

Siberia needs a person of Dimitry's business skills to be on their side, and lets hope siberians also recognise this fact .

Must add ;however ,Siberia and its Cities are still a great places to see ,and such friendly people. I do sincerley wish them all happy prosperous futures .

Patrick Travers, Perth Australia
17/01/2014 09:19

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