The government expanded the FEZ regime in the Belgorod region

Russian Prime Minister Mikhail Mishustin has signed a decree to extend the free economic zone (FEZ) regime to a number of territories in Belgorod Region. This was reported on January 5 on the government website.

It noted that we are talking about the territories in Belgorod and Shebekinsky districts of the region.

"The decision will allow enterprises operating there to become FEZ residents and receive preferences," the government said.

As "Gazeta.Ru" specifies , FEZ is a territory with a special legal status in relation to the rest of the state. Usually such a status is expressed in favorable tax or customs conditions for business.

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Earlier, on October 8, 2024, Mishustin signed a decree on the operation of FEZ in certain territories of Belgorod, Bryansk and Kursk regions. Then it was noted that this step will allow entrepreneurs to reduce costs, increase production, create jobs and provide residents of border regions with necessary goods and services.

The resolution was prepared to implement the law, which Russian President Vladimir Putin signed on June 22, 2024.