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Pre-capitalization of the Far East Development Fund: the President's instruction is there, but there are no economic reasons?

A preliminary list of priority projects was considered at the last meeting of the Board of Directors of the Fund for the Development of the Far East and the Baikal Region, said Andrei Sapelin, First Deputy Chairman of Vnesheconombank. According to him, the Fund will announce the results in the near future.

Another statement of his was the lack of economic reasons for the capitalization of the Fund. According to him, at the moment the Development Fund for the Far East has unallocated funds and does not lack funding. "There are no economic reasons for additional capitalization", - Tass reports his words.

As previously reported in EastRussia, 4 December, Vladimir Putin signed a list of instructions aimed at developing the Far East. In accordance with one of them, the legislation of the Russian Federation before 15 July 2015 should be amended, which would allow to capitalize the Development Fund of the Far East and the Baikal region. One of the means of implementing this decision should be a mechanism for the return of a part of the federal taxes coming from the new enterprises created in these territories within three years, with the exception of VAT.

Previously, the head of state said that the investment fund is in fact not working. «In fact, he never earned it. Means, and this is 15 billion rubles, and remained to be on deposits ", - stressed the President.

Deputy Prime Minister and Plenipotentiary Representative of the President in the Far Eastern Federal District, Yury Trutnev, in an interview with Kommersant Vlast last week, spoke about the state of the fund at the moment.

"Now the fund needs to be brought into operational condition. We do this a little longer than we would like, I am dissatisfied with this process. But we do it. The board of directors of the fund will soon have new interesting people who will plow. I am sure that now we need to collect all the instruments, all the possibilities for building infrastructure in the Far East. This is the most important, gigantic task "- explained the Deputy Prime Minister.

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