Special legal areas for anonymous investors will be created in Crimea

The Russian authorities have proposed «special legal areas» for the peninsula.

They want to encourage investment from other regions, protecting them from sanctions by anonymity.

Most Russian Federal companies do not enter the Crimean market, fearing sanctions that will cut off companies from trading with European partners. And although the Russian government tries to compensate for the lack of private investment in Crimea with budget money, the peninsula needs more investments.

The draft law proposes a regime of confidentiality of information about the investor.

Special administrative regions will be attractive for Russian companies that have already been sanctioned or are at risk of becoming sanctioned because of their activities in Crimea.Restricting access to information will help Russian businesses to carry out investment activities in these regions without fear.