HomeRussiaBriefing by Minister of Economic Development Maxim Reshetnikov

Briefing by Minister of Economic Development Maxim Reshetnikov

Excerpts from the transcript:

Briefing by Minister of Economic Development Maxim Reshetnikov

Maxim Reshetnikov: Colleagues, I will start with the current situation.

First, this is a
structural crisis that has been caused by external factors, in particular external
restrictions linked with exports of goods and their imports, including components.
Consequently, enterprises now face major challenges linked with efforts to
readjust production activities and, in effect, the need to create new production
and logistic chains. All this also overlaps with external logistic
restrictions: enterprises are unable to deliver the required goods and
services. The economy therefore faces a systemic array of structural issues.
And, of course, all this is linked with the current financial instability.
Financial markets continue to look for a new point of balance, and it appears
that they have failed so far. Summing up, all this shows that it will take some
time to put the economy back on track.

In this
connection, the Government’s response is to ensure maximum economic flexibility
and to lift all domestic restrictions. This does not concern control and
oversight activity alone. As you know, a large package of decisions has been
approved, and it concerns more than small and medium-sized businesses. A ban
has been imposed on all scheduled and unscheduled inspections and audits, and
it covers all enterprises, regardless of their size, with very few exceptions,
namely high-risk facilities.

A resolution on
extending all licences and permits has been signed today. The duration of 2.5
million-plus documents of various kinds has been extended for up to 12 months,
and this removes a huge load from enterprises. The most important thing is
that, quite possibly, the main exception is linked with changes in the goods
certification procedure. In other words, enterprises will be able to
independently readjust production processes and replace certain components with
others in the near future, that is, over the next six months. It will not be
necessary to certify goods at laboratories, and enterprises will be able to
issue declarations based on their own production processes and they will assume
responsibility for these documents. Consequently, this will make it possible to
market goods much more quickly.

More to be posted soon.

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