APPROVED
by Decree No. 1141 of the Government of the Russian Federation
of December 30, 2009
STATUTE
On the Foreign Investment Advisory Council in Russia
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The Foreign Investment Advisory Council in Russia (hereinafter, the Council), established by Decree No. 1108 of the Government of the Russian Federation of September 29, 1994 “On the Intensification of Efforts to Attract Foreign Investments into the Economy of the Russian Federation”, is a permanent body engaged in the preliminary review and preparation of proposals on issues related to the investment appeal of Russia’s economy and challenges faced by foreign investors in implementing investment projects in the Russian Federation.
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The Council is chaired by the Prime Minister of the Russian Federation.
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The Council’s functions shall be as follows:
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Developing proposals to improve the investment appeal of Russia’s economy within the framework of the Council’s priority activities and challenges faced by foreign investors;
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Reviewing proposals and recommendations made by federal executive bodies and foreign organizations within the established authority;
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Reviewing disagreements on issues within the Council’s authority between federal executive bodies and foreign organizations whose chief executives are Council members;
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Instructing federal executive bodies and making recommendations to the chief executives of foreign organizations that are Council members, in accordance with established procedure, on issues related to the implementation of state policy on investments, the attraction of foreign investments into the economy of the Russian Federation and the resolution of problems faced by foreign investors;
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Annually approving a list of the Council’s priority activities, based on the priorities of Russia’s economic development and the major challenges faced by foreign investors.
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An Executive Committee of the Council shall be formed to promptly address issues related to foreign investors’ activities, to review and implement the Council’s proposals and recommendations and to assist in implementing the related decisions and directives of the Government of the Russian Federation.
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The Council’s membership shall be made up, in accordance with the statute on member rotation to be approved by the Chairman of the Executive Committee, of the chief executives of foreign organizations making investments in the economy of the Russian Federation, international organizations and other organizations actively involved in efforts to create a favorable investment climate and intensify investment processes in the Russian Federation.
Council members shall actively participate in the Council’s activities, attend its meetings and may be coordinators of the Council’s activities.
The Council’s membership and the list of foreign organizations whose chief executives participate in the Council’s activities shall be approved by the Chairman of the Executive Committee and reported to the Chairman of the Council.
The Council’s members shall provide expert and advisory assistance for the purposes of improving the investment appeal of Russia’s economy.
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Council meetings shall be convened as required, but at least once a year.
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The following persons may participate in Council meetings at the invitation of its Chairman:
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Representatives of concerned federal executive bodies;
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Representatives of concerned government bodies of constituent entities of the Russian Federation;
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Representatives of other organizations, including expert and scientific organizations, in accordance with established procedure.
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The Minister of Economic Development of the Russian Federation shall be Deputy Chairman of the Council and Chairman of the Executive Committee.
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The Executive Committee shall perform the following functions:
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between Council meetings, review problematic issues related to investments made by foreign investors, assist in addressing these issues and, where necessary, prepare such issues for consideration at Council meetings;
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Promote cooperation between federal executive bodies, government bodies of constituent entities of the Russian Federation and concerned organizations in implementing proposals related to the Council’s main activities;
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Develop proposals on measures to implement decisions and directives of the Government of the Russian Federation related to the Council’s activities, monitor their implementation and, where necessary, prepare reports on such efforts for the Chairman of the Council;
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Develop proposals with respect to changing the Council’s membership for purposes of member rotation;
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Approve coordinators of the Council’s main activities from among the Council’s members;
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Ensure the development of proposals for reviewing disagreements between foreign organizations whose chief executives are Council members, federal executive bodies and government bodies of constituent entities of the Russian Federation on issues related to the implementation of investment projects in the Russian Federation for consideration at Council meetings.
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The Executive Committee shall be made up of representatives of foreign organizations whose chief executives are Council members and coordinators of the Council’s priority activities as well as of representatives of concerned federal executive bodies.
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A group for Council member rotation shall be established under the Executive Committee.
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The Chairman of the Executive Committee shall approve its membership, a statute on the group for Council member rotation and the group’s membership.
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Meetings of the Executive Committee shall be held as required, but at least three times a year, based on a decision by the Chairman of the Executive Committee and taking into account proposals by foreign organizations’ representatives on the Executive Committee.
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The following persons may participate in Executive Committee meetings at the invitation of its Chairman:
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Representatives of foreign organizations that are not coordinators of the Council’s priority activities;
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Representatives of concerned federal executive bodies;
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Representatives of concerned government bodies of constituent entities of the Russian Federation, in accordance with the established procedure;
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Representatives of other organizations, including expert and scientific organizations, in accordance with the established procedure.
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Proposals made by the Executive Committee shall be documented in the form of minutes and submitted to the Chairman of the Council so that the respective decisions can be made.
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The Ministry of Economic Development of the Russian Federation shall provide administrative/technical and information/analytical support for the Council’s activities.