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The process of concluding the first SPIC 2.0 is currently underway. This event marks the final stage of a fundamental transformation of the SPIC mechanism, which began back in August 2019.

The updated mechanism makes it possible to count on a wide range of measures of state support for investment projects that will use modern technologies. All these advantages are of great interest from the Russian and foreign business community, however, many are stopped by certain nuances of the Government's inclusion of technologies in a special list and questions to current and planned support measures for SPIC 2.0 participants.

In order to understand the current trends and effective tools for interaction between investors and regulators, the RSPP, together with the law firm VEGAS LEX, held an online conference on the topic: "SPIC 2.0: Prospects, Opportunities, Challenges".

Alexander Sitnikov, Managing Partner, co-moderated the conference together with Igor Vdovin, Chairman of the Russian Union of Industrialists and Entrepreneurs Committee on Investment Policy, Development Institutions and Export Support.

Also presented:

• Vasily Osmakov, Deputy Minister of Industry and Trade of the Russian Federation
• Tadzio Schilling, CEO of AEB
• Olga Filippova, Deputy Director of the Department for Strategic Development and Corporate Policy of the Ministry of Industry and Trade of Russia
• Anna Brineva, deputy director of the FRP
• Natalya Eremina, Chairman of the Management Board, OMK JSC
• Andrey Shul, Deputy Director for Government Relations by the bodies of MCC EuroChem JSC
• Kristina Kiptenko, Deputy Head of the Department for Relations with Federal Authorities and Public Organizations of PJSC "Lukoil"

Maxim Grigoriev, partner, lawyer, head of Special Projects, also made a presentation, telling the participants about the benefits and challenges of investors participating in SPIC 2.0. Maxim noted that for a more effective implementation of the updated SPIC mechanism, it is absolutely necessary to amend the regional legislation. At the moment, the overwhelming majority of constituent entities of the Russian Federation mention SPICs, but the corresponding support measures are not fixed. Successful implementation of projects on the ground is impossible without solving this issue.

Watch the broadcast of the event on the RSPP's official YouTube channel (Russian version).