Investment Portal of the Arctic Zone of the Russian Federation
Arctic Talks discuss new incentives for enterprise in the Arctic.
In the run-up towards the international Arctic forum, The Arctic: Territory of Dialogue, and Russia’s taking over of the rotating chair of the Arctic Council, the many issues pertaining to the economy, environment, and social well-being of the Arctic Region loom larger than ever before. The speakers featured in the first discussion of the Arctic Talks series were First Deputy Minister of the Russian Federation for the Development of the Far East and Arctic Alexander Krutikov, Governor of the Murmansk Region Andrey Chibis, Deputy Prime Minister of the Arkhangelsk Region for Project Management Viktor Ikonnikov, CEO of Nord Star LLC Denis Martynov, Director of RZ Tersky Bereg LLC Sergei Vilshansky, Chairman of the Board of Severnaya Zvezda LLC Oleg Demchenko, CEO of Termistoff LLC Alexey Lokhov, and Vice President for Government Relations of Segezha Group Management LLC Alexey Sherlygin. The session was moderated by Leonid Agafonov, Managing Director of EastRussia.
The online discussion is the first of a series of Arctic Talks focused on the more salient priorities of the Arctic agenda.
“We are building a differentiated system of incentives for enterprise in the Arctic”, said First Deputy Minister of the Russian Federation for the Development of the Far East and Arctic Alexander Krutikov. “It consists of several modules, namely: major industrial projects with long-term incentives, small and medium-sized enterprise with their own incentives, insurance premiums, non-fiscal incentives and additional opportunities for business, and a free economic zone in the Arctic. These incentives are supplemented by government initiatives on low-interest financing for enterprise and subsidised interest rates”.