APPROVED BY
Chairman of the Executive Committee of the
Foreign Investment Advisory Council in Russia,
Minister of Economic Development
of the Russian Federation
Maxim Oreshkin
7 April 2018
REGULATION
On FIAC Member Rotation
and the Rotation Group
I. General provisions
1. This Regulation, written in accordance with the Statute “On the Foreign
Investment Advisory Council in Russia,” approved by Decree No. 1141 of the
Russian Government of 30 December 2009 (Collected Legislation of the Russian
Federation, 2010, No. 2, Article 203), establishes membership rules for the Foreign
Investment Advisory Council in Russia (hereinafter, “FIAC”), rules for forming a
rotation group and a procedure for the group’s work.
2. FIAC membership is based on applications from the heads of foreign
companies that invest in the Russian economy and international and other
organizations (hereinafter, “applications”) as well as on the performance of foreign
member companies, except as stipulated in clause 11 of this Regulation.
FIAC’s membership is approved by the chairman of the executive committee
and reported to the chairman of FIAC.
3. Applications and the performance of foreign member companies are
considered by the rotation group.
4. The rotation group is formed by a decision of the chairman of FIAC’s
executive committee and includes at least nine members: five on the Russian side and
four representing various foreign member companies. The Russian side should
consist of the executive secretary of FIAC’s executive committee and representatives
of the Executive Office of the Russian Government, the Russian Ministry for
Economic Development and relevant federal executive bodies (as necessary).