mo4ch:>Putin promises special preferences for companies investing in Russia’s Arctic | Mo4ch News

The Arctic region accounts for more than 10 percent of all investments in the Russian economy, according to President Vladimir Putin. The country is working on a new strategy for the region’s development, he added.Speaking at the 5th International Arctic Forum in St. Petersburg, Putin said that he has instructed the government, experts, and business representatives to draft a federal law on a “special system of preferences for investors” in the Arctic zone.“I am asking you to carry out this work promptly so that the law will be passed by the State Duma in the autumn session,” he said.Also on rt.comEnergy-rich Russian Arctic region boasts $100bn in investmentAccording to the president, preferences for investors “should be and will be even more advanced, more stable,” considering the peculiarities of the Arctic region.When asked about tax breaks, Putin said “we are creating and will continue creating beneficial conditions for companies working in the harsh Arctic conditions.” That is du…