Deputy Prime Minister and Presidential Envoy to the Far Eastern Federal District Yury Trutnev told a meeting held to sum up 2025 performance and map out priorities for 2026 that the new bill would cap the five preferential regimes now in effect in the Russian Far East and Arctic.

The single preferential regime is intended to support only new investment projects in prioritized sectors. Anyone eager to obtain resident status can do so through digital services maintained by the Ministry for the Development of the Russian Far East and Arctic and the Finance Ministry.

“As is clear, the greater our fiscal demands are right now, the fewer businesses will there be  in the future. This also means a drop in tax levies for Russia’s federal budget. Our position is slightly different. We also respect the Russian Federation’s budget but we think it’s important to give investors the best of terms to induce the creation of new businesses and by this token an increase in taxable incomes that can boost the budget’s ‘happy revenues,’” he explained.