Russian President Vladimir Putin has announced an ambitious plan to transform Russia into a high-wage economy while launching a “United Preferential Business Regime” for Far East investors starting January 1, 2027.
Under the scheme, investors will benefit from 0% federal tax for 5 years, reduced regional tax, low insurance premiums, and reimbursement of infrastructure costs.
Putin insists this bold economic strategy will not only attract global investors but also raise living standards and reshape Russia’s economic future.
Is this the beginning of a new Russian economic powerhouse — or just political posturing?
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