At a meeting of the Cabinet of Ministers of the Russian Federation, amendments to the law on the protection of investment and the development of investment activity were considered. Before the discussion of the main issue, Mikhail Mishustin briefly described economic and financial situation in the country. At the same time, the head of the cabinet noted that not only Russia has some difficulties.

     According to forecasts, the coronovirus pandemic itself can cause a half a percent lose of the global economy in 2020.

    Mikhail Mishustin, soberly assessing all the negative factors influencing the Russian economy, believes that the country has all the necessary instruments to go through the crisis period “calmly, without shocks”, while maintaining financial stability.

    According to the Prime Minister, the state has a "large margin of safety."

    Talking about the amendments to the law on the protection and promotion of investment and the development of investment activity, the head of the cabinet outlined the focus of legal innovations on protection of the business’ interests.

     Predictable conditions are being created for entrepreneurs to implement their investment projects, taking into account the “stabilization clause”,  which means the sustaining of the conditions for the taxation, land use and urban planning, and for a number of business initiatives guarantees for non-tax payments and export customs duties. The bill provides for the formation of a mechanism for recovery of the investments costs for transport, energy, utilities, social, digital infrastructure in the amount of taxes paid.