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  Politics 
30 of July, 10:36

Foreigners will be permitted to oil and gold
The Ministry of natural resources has developed a draft law, according to which foreign firms will be allowed open their fields. The new document aims to motivate entrepreneurs to invest in the exploration and production of mineral resources in the area of Russia.

The environment Ministry submitted to the government a draft law, according to which foreign companies will have to develop open them deposits of Federal significance, informed "Vedomosti". This is from the message of the Minister of natural resources Sergey Donskoy in the government on 28 July. The Federal subsoil plots are with recoverable oil reserves of 70 million tons, gas - from 50 billion cubic meters of gold - 50 tonnes, and copper - from 500 thousand tons.

The new document is considered an amendment to the law "On subsoil". Consistent innovation,foreign subsoil user has the right to obtain a permit for the exploration and production fields, if he is not burdened by tax debts and has all the resources to do so. The government provides such consent every 3 years. If during this time firm will notice a Deposit of Federal significance, it will have the absolute right to development and extraction of mineral resources.

It is known that the amendments agreed with the defense Ministry, FSB, the Ministry of economic development and Rosprirodnadzor. Zamecheniya of the Ministry of Finance and the Agency have already been made to the text of the document. Regarding amendments of the energy Ministry, a meeting was held. Now for the resolution of the Ministry of justice, who questioned the need of this initiative. Now the foreigner, who discovered a large Deposit, also not forbidden to prey on it. However, the government may at any time to deny him this right.

The new bill will reduce the risks that the subsoil user of the other powers would take away open to them a field. Therefore foreign firms want to motivate to invest heavily in the completion of prospecting activities." Accordingly, the hotfix is designed to increase the flow of investments from other States in the development of deposits on the territory of Russia.

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