RF President Vladimir Putin has approved has signed the Federal Law "On the Territories of Priority Development Areas of Social and Economic Development in the Russian Federation” and the Federal Law "On the Free Port of Vladivostok". The Law has been published at the official portal for legal information.
Under the law the porto franco regime is expanded to several key ports in the Far East: Khabarovsk Territory (Vanino District), the Sakhalin Region (Korsakov City District), the Kamchatka Territory (Petropavlovsk-Kamchatsky), Chukotka Autonomous Okrug (Pevek).
On June 24, State Duma passed in the 3rd reading the draft law On Amendments to the Federal Law "On the Territories of Priority Development Areas of Social and Economic Development in the Russian Federation” and the Federal Law "On the Free Port of Vladivostok". The Federation Council approved the Law on June 29, 2016.
The text of Federal Law No 252-FL dated July 3, 2016 in Russian is available at the website of IAA PortNews >>>>
Related links:
Federation Council approves expansion of porto franco regime to key ports in Russia’s Far East >>>>
Free port regime will let Vanino attract over RUB 40 bln as investments >>>>
Bill on porto franco regime expansion in Far East expected to pass final reading in State Duma >>>>