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Chita
Yakutsk

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Vladivostok
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Yuzhno-Sakhalinsk

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Moscow

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Arctic pioneers

How the AZRF lives and develops - the largest special economic zone in the world with an area of ​​more than 5 million square meters. m

On July 13, 2020, the Russian Arctic became the world's largest special economic zone: on that day, President Vladimir Putin signed a package of federal laws on the system of preferences in the Arctic. They can be used by entrepreneurs doing business in any of the nine regions of the Russian Arctic. Today these are the territories of the Murmansk Region, Chukotka, the Nenets and Yamalo-Nenets Autonomous Districts; as well as individual municipalities of Yakutia (13 districts), Komi (4), Karelia (5), Arkhangelsk Region (8), Krasnoyarsk Territory (4).

Arctic pioneers
Photo: shutterstock.com

In the same year, the powers to manage the priority development areas in the Arctic zone were transferred to the Corporation for the Development of the Far East and the Arctic. By the order of the Ministry for the Development of the Russian Far East, the Corporation for the Development of the Far East was renamed into the Corporation for the Development of the Far East and the Arctic.

The first residents were registered in the Arctic zone in October 2020. The pioneers were eight companies: Nord Star, Valla-Tunturi, Phlogopit, Thermistoff, Pomor Shipping, Russian Losos, individual entrepreneurs T. V. Kiss and A. N. Zhuravlev. 151 residents are registered in the AZRF, implementing projects with declared investments of more than 254 billion rubles and designed to create 7,8 thousand jobs.

AZRF residents work in a variety of areas - from the provision of public services to the extraction of minerals. Among the largest projects is the Yanolovo company, the first resident of the Russian Arctic in Yakutia. The company is developing the Tirekhtyakh Ruchey tin placer deposit in the Ust-Yansky region. The total investment in the project is over RUB 317 million. The project will create 74 new jobs.

- The project will become a landmark event in the resumption of large-scale tin mining in the region and will make a great contribution to the socio-economic development of the Arctic regions of the republic. Obtaining the status of a resident of the Russian Arctic will increase the investment attractiveness of the project and attract new partners, - says Alexander Larionov, deputy director of the management company JSC Yanolovo.

Another large resident of the Russian Arctic, the Severnaya Zvezda company, is building facilities for a coal cluster at the Syradasai deposit in Taimyr. The project, worth more than 45 billion rubles, includes the creation of a coal mine with a capacity of up to 10 million tons per year, a marine coal terminal, a road, a power plant, an airfield, a shift camp and other facilities.

For residents, the federal part of the income tax benefit has been zeroed for 10 years, subsidizing of 75% of the volume of insurance premiums for newly created jobs is provided, mineral extraction tax benefits in the amount of 0,5 of the current rate for solid minerals for new fields.

In May 2020, the Capital of the Arctic ASEZ was formed, operating in the Kola district of the Murmansk region and the capital of the region. Its first resident was the NOVATEK-Murmansk company with a project for the construction of large-capacity offshore structures. Port activities, construction and logistics today remain the main specialization of the ASEZ, in general, the special legal regime in the "Capital of the Arctic" is extended to 38 types of economic activities.

At the moment, 9 residents are registered in the Capital of the Arctic ASEZ who are implementing projects with a total declared investment of 96,2 billion rubles. Of these, 55 billion rubles have already been invested, the tax return for the first year amounted to 2 billion rubles.

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