Lifting the ban on the production and processing of petrochemicals and sugar-sweetened beverages in the SEZ territory

The Russian Ministry of Economic Development proposes to lift the ban on the production and processing of petrochemical products and sugar-containing drinks in special economic zones. This was announced by the director of the regional development department of the ministry, Vitaly Altabaev, at a press conference in TASS dedicated to the results of the rating of investment attractiveness of the Russian SEZ.

“We are working to lift the ban on the production of excisable goods in terms of petrochemicals and sugar. We plan to lift restrictions on petrochemicals and sugar-containing drinks, that is, soda. We consider this direction to be promising. And the market shows a growing shortage and demand for this standard,” he said.

Since 2017, the Association of Clusters, Technoparks and SEZs of Russia, together with the Ministry of Economic Development of the Russian Federation, has been assessing the investment attractiveness of special economic zones of Russia. The purpose of the rating is to determine the most effective SEZs that provide the investor with the best conditions for project implementation in the shortest possible time and at the lowest cost.