RUSSIA - InvestmentInvestment in the regeneration Regeneration (biology) The process by which an animal restores a lost part of its body. Broadly defined, the term can include wound healing, tissue repair, and many kinds of restorative activities. and further development of Russia's oil and gas industry offers the best prospect for triggering economic growth. But a number of measures - such as a tax code reducing the number of takes from almost 100 to less than 30, and production sharing laws - have been pending for some time. It is critical that the government be pressed to advance these measures. Without such action investment will not occur and the IMF IMF See: International Monetary Fund IMF See International Monetary Fund (IMF). support package will not be effective. In the Sakhalin Sakhalin (səkhəlyēn`), formerly Saghalien (sägälyĕn`), island (c.29,500 sq mi/76,400 sq km), off the coast of Asian Russia, between the Sea of Okhotsk and the Sea of Japan; separated from II project in the Far East, for example, significant foreign capital has been invested over the past three years. This had immediate positive social and economic impact on Sakhalin island Sakhalin Island Island, extreme eastern Russia. Together with the Kuril Islands, it forms an administrative region of Russia. It is 589 mi (948 km) long and a maximum of 100 mi (160 km) wide; it covers 29,500 sq mi (76,400 sq km). (see Gas Market Trends). Capital went there despite huge fiscal and legal challenges. But investors and lenders have made clear that, in common with other projects, they will find further investment very difficult to justify without the passage of legislation to provide a stable, long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. legal and fiscal basis for investment. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion