OREANDA-NEWS. The owners of the largest Russian companies and billionaires from the Russian Forbes list are ready to invest 70 trillion rubles in the Russian economy in the event of a stabilization mechanism for the vision of business provided for in the draft law “On the protection and promotion of investment and the development of investment activity”, which was submitted to the State Duma in early November. This was reported on Friday by the Russian media with reference to a speech by Deputy Finance Minister Andrei Ivanov in the Federation Council.

The purpose of the bill is to guarantee investors unchanged business conditions, especially fiscal ones. It has two modes: general and design. The general regime protects the investor for three years from any norms that impede investment. The design regime guarantees the invariance of income tax rates, property taxes, transport and land taxes for a period of six to 20 years; invariance of the terms of technical regulation, licensing, land use and development for at least three years.