Medvedev: “regulatory guillotine” will improve business conditions from 2020

22.10.2019

Next year, the conditions for doing business in Russia will improve thanks to the “regulatory guillotine,” said Prime Minister Dmitry Medvedev in an interview with Russia 24. The Prime Minister was the initiator of the review of all mandatory requirements adopted until mid-2010. The bill on the “regulatory guillotine” should enter into force by 2021.

According to Mr. Medvedev, the initiative should help “cut off the array of regulations that have been adopted a long time ago and hamper our development.” The prime minister said that it’s “really difficult” to determine what mandatory requirements need to be abandoned, and “a lot of work” is underway. “When we finish it (this is a short prospect, in fact, starting next year), we proceed from the fact that these conditions for doing business, including business with foreign investors, will be better,” said Dmitry Medvedev, whom quoted by the press service of the government. +

According to the Prime Minister, all investors in Russia should receive “equally attractive working conditions.” “We proceed from the fact that all investments should be equal, <…> all investors are equally respected and to all investors, in fact, the same requirements apply for compliance with Russian laws – administrative, tax and labor laws,” – he noted.

Recall that under the influence of the “regulatory guillotine” 33 agencies should fall, of which 21 state agencies are the regulators in the sphere of control entrusted to them: for example, the Ministry of Emergencies, the Federal Antimonopoly Service, and Rospotrebnadzor. In August, business ombudsman Boris Titov proposed finalizing bills on the “regulatory guillotine” due to “a number of fundamental flaws.”

Source: Kommersant