OREANDA-NEWS. May 03, 2011. At the Delegation of the European Union ot Russia, Deputy Head of FAS Russia Andrey Tsyganov had a meeting with economic and trade advisors of the embassies of the EU member-states and the heads of trade-and-economic departments, reported the press-centre of FAS Russia.

The Head of the FAS Russia’s Department for Control over Foreign Investments, Ms. Svetlana Levchenko, Deputy Head of the Department for Control over Foreign Investments, Mr. Armen Khanyan and Deputy Head of the Department for International Economic Cooperation, Mr. Andrey Yunak, also took part in the dialogue with the European partners.

The meeting focused on the issues related to employment of the Law “On the Procedures for Foreing Investment in the Business Entities of Strategic Importance for National Defence and State Security”.

Andrey Tsyganov discussed the best practice of employing the law on foreing investments and the problems associated with consideration of petitions and notifications, and presented statistical data characterising FAS Russia’s works for processing petitions and notifications from foreign investors in 2009-2010.

Deputy Head of FAS Russia also informed participants of the meeting about amendments to No.57 Federal Law drafted by FAS Russia (the first and second “packages”) and the legal consequences of adopting them.

“It is necessary to state that such events considerably facilitate development of trade and economic relations between Russia and the EC and enhance attractiveness of Russian economy for foreign investors”, pointed out Andrey Tsyganov.