Special Economic Zones in Russia explained

The Special Economic Zones in Russia are established by the Russian government to attract foreign direct investment.^[1] The privileges of special economic zones last for 49 years, and offer their residents a special legal status resulting in a number of tax and customs preferences.^[1]

Russia has eighteen federal special economic zones (SEZs) and several regional projects. Federal SEZs in Russia are regulated by Federal Law # 116 FZ issued on July 22, 2005.^[2]

There are MNCs among investors to Russia's SEZ, such as Yokohama, Cisco, Isuzu, Air Liquide, Bekaert, Rockwool and many others.

History

Federal Law # 116 FZ was issued on July 22, 2005 to regulate SEZs.

Open joint-stock company OSJC "Special Economic Zones" was founded in 2006 to accumulate and implement world's best practices in developing and managing SEZ and promote Foreign direct investment (FDI) in the Russian economy. It is fully owned and funded by the Russian state. It managed fifteen to-be federal SEZs.

As of March 2010, Russia's federal SEZs host 207 investors from eighteen countries.

List of SEZ

As of 2022, there are 45 special economic zones in Russia:^[3]

Industrial Production

• Alabuga Special Economic Zone
• Chuvashia^[4]
• Kaliningrad^[5]
• Kemerovo^[6]
• Kaluga^[7]
• Lipetsk
• Lyudinovo
• Pskov Moglino^[8]
• Sverdlovsk Titanium Valley^[9]
• Tver Zavidovo^[10]
• Togliatti^[11]
• Volgograd^[12]

Technology and development

• Dubna
• Innopolis Special Economic Zone (the city of Innopolis)
• St. Petersburg
• Tomsk^[13]
• Zelenograd

Tourist and recreational

• Altai Valley
• Irkutsk^[14]
• Baikal Haven
• Russky Island
• The Turquoise Katun

Logistics

• Murmansk
• Sovetskaya Gavan
• Ulyanovsk Vostochny

Ports

• Vladivostok^[15]

External links

• RusSEZ

Notes and References

1. Web site: About The Project. eng.russez.ru. 24 June 2017. ru.
2. Web site: Special economic zone "Togliatti". Trade Delegation of the Russian Federation in the United Kingdom. 24 June 2017.
3. News: Russia briefing . Russia Establishes Three New Special Economic Zones . 7 December 2023 . Russia Briefing News . 18 October 2022 . en.
4. News: The Cabinet of Ministers approved the creation of new SEZs in Chuvashia and the Volgograd region . 7 December 2023 . AKM EN . 7 November 2022 . en.
5. News: Sukhankin . Sergey . Kaliningrad: Russia’s stagnant enclave . 7 December 2023 . ECFR . 31 March 2016.
6. News: A new SEZ will be created in the Kemerovo region . 7 December 2023 . AKM EN . 3 November 2022 . en.
7. News: Lyudinovo Special Economic Zone: Advantages and Expected Results . 7 December 2023 . Investment Portal Kaluga Region . Jan 25, 2013 . ru.
8. News: Correspondent . Yasmine YahyaSenior Political . Russia's Pskov region seeks Singapore investors . 7 December 2023 . The Straits Times . 26 November 2013 . en.
9. Web site: Titanium valley special economic zone . 7 December 2023.
10. Kuchumov* . Artur . Karpova . Galina . Voloshinova . Marina . Testina . Yana . Challenges And Opportunities Of Development Of Tourism And Recreation Special Economic Zones . European Proceedings of Social and Behavioural Sciences . 28 December 2019 . Social and Cultural Transformations in the Context of Modern Globalism . 10.15405/epsbs.2019.12.04.248 . 7 December 2023 . en . 2357-1330. free .
11. Web site: Togliatti area open for the investments / Investments Potential / English Version . tgl.ru . 7 December 2023.
12. News: China's CNCEC joins Aeon methanol project in Russia . 7 December 2023 . interfax.com . 16 Jun 2023.
13. Web site: TUSUR and the Special Economic Zone of Tomsk . tusur.ru . 7 December 2023.
14. Web site: Special Economic Zone . en.baiksez.ru . 7 December 2023.
15. News: Russian Federation - Adoption of federal law granting Vladivostok "free port" status Investment Policy Monitor UNCTAD Investment Policy Hub . 7 December 2023 . investmentpolicy.unctad.org . 13 Jul 2015.