The Parliament of the Russian Federation is discussing a bill allowing the production of liquid steel in Alabuga

15 March 2022, Tuesday

The bill, expanding the list of activities in the territory of special economic zones, will create more than 7 thousand new jobs in the country and attract about 2.5 trillion investments to the economy. This opinion was expressed by the deputy of the State Duma of the Russian Federation from Tatarstan, the head of the Duma Committee on Economic Policy Maxim Topilin.

“This bill is aimed at allowing the production and processing of new types of products in special economic zones - ethane, liquefied petroleum gas and liquid steel. This is what fell under excises, and the general economic rule says that excisable goods, except for cars and motorcycles, cannot be processed and produced in special economic zones. This project just makes it possible to produce this in special economic zones, and this is a faster implementation of projects, and accordingly, according to our estimates, it is possible to attract more than 2.5 trillion rubles of investment annually and create about 7.5 thousand jobs,” Topilin said. .

The State Duma of the Russian Federation today adopted in the first reading a bill expanding the list of activities permitted in the territory of special economic zones (SEZ). The document was initiated by the Government of Russia. The bill may expand the activities of the zones located in Tatarstan, Leningrad, Saratov and Belgorod regions.

In Tatarstan, the innovation will directly affect the Alabuga SEZ, where an investment project in the field of steelmaking is being implemented. This investment project provides for the creation of a metallurgical complex for the production of seamless pipes and long products from stainless steel grades.

The parliamentarian added that this bill is an anti-sanction measure that will attract investors. “In March, we will adopt this law in any case, and it will work,” Topilin summed up.

Based on the materials of IA "Tatar-inform"

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