VEGAS
LEX Partner Evgeniy Rodin and Commercial group associate Anastasia Cheredova
spoke about the use of various investment options in the energy and pharmaceutical
sectors at the Northern Dimension Forum in St. Petersburg.

The Eighth Northern Dimension International Business Forum, held in St. Petersburg
on April 6, 2017, focused on the development of new technologies and support
mechanisms that could help the economic development of the Northern Dimension
regions, including Russia’s Northwestern Federal District*.

VEGAS LEX Partner, Head of Energy practice Evgeniy
Rodin spoke at the forum’s energy session, ‘The Mechanism of Returning Investment
into Modernization Projects as a Way to Introduce Best Available Technologies
(BAT).’ Energy companies should pay attention to the special investment
contract (SIC) option and consider the positive results of its use across Russia,
Mr. Rodin said. The expert spoke about the SIC and what companies need to do to
use it, listed its advantages for investors and problems faced by those who
decided to use this tool.

VEGAS LEX Commercial group associate Anastasia Cheredova spoke at a round table, ‘Aspects of Drug
Provision: Availability of Innovative Drugs.’ Her report, ‘Investment Mechanisms
in the Pharmaceutical Sector: Stimulating Local Production or Hedging Regulatory
Risks?’ also drew attention to the SIC, but with reference to the pharmaceutical
industry. She explained the need for moving pharmaceutical companies’ production
facilities to Russia, what they can expect when concluding the SIC and what
other investment options they can use.

The event was attended by representatives of Russian and European
ministries and departments, representatives of domestic and foreign business, and
civil society.

***

Source:
TASS: http://tass.ru/obschestvo/4158887

For
more information on the firm’s services to the energy sector, please go  here

For more information on VEGAS LEX’s services for the pharmaceutical
industry, please click here

As usual, the Eighth Northern
Dimension Forum was organized by the Northern Dimension Business Council and
the Association of European Businesses in St. Petersburg. The Northern
Dimension is a format for regional cooperation on a vast territory in northern
Europe, a joint project of Russia, the EU, Iceland and Norway.

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