The Russian Government will help foreign businessmen to do business in Russia

Russia intends to create a mechanism to help foreign entrepreneurs move and launch a business in Russia.

The Government Order will also cover relocation of business assets.

The Ministry of Economic Development, the Ministry of Labor and the Ministry of Foreign Affairs will be responsible for implementing this initiative.

A legislative framework will appear by December 10, 2024.

It endorses the readiness of Russia to create a favorable business environment for foreigners.