Russian Federation permitted a deferral of payments to companies executing priority investment projects in the timber industry

A government support measure, timber enterprises implementing priority investment projects in the forest sector delay the fulfillment of their investor's obligations.
As per Decree No. 492 dated March 28, 2022, the Government of the Russian Federation will grow by a year the term of fulfilling investor's duties on creating timber and timber processing infrastructure facilities, scheduled for the period from March 1 to September 1, 2022.
Under the rules, if an investor fails to complete the quarter-by-quarter schedule of priority project implementation, this includes the grounds for excluding this priority project from the list and terminating the forest area lease contract prematurely.

Previous Next