Russia has eighteen federal special economic zones (SEZs) and several regional projects. Federal SEZs in Russia are regulated by Federal Law # 116 FZ issued on July 22, 2005.
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History
Federal Law # 116 FZ was issued on July 22, 2005 to regulate SEZs.
Open joint-stock company OSJC "Special Economic Zones" was founded in 2006 to accumulate and implement world's best practices in developing and managing SEZ and promote Foreign direct investment (FDI) in the Russian economy. It is fully owned and funded by the Russian state. It managed fifteen to-be federal SEZs.
As of March 2010, Russia's federal SEZs host 207 investors from eighteen countries.
Investors
There are MNCs among investors to Russia's SEZ, such as Yokohama, Cisco, Isuzu, Air Liquide, Bekaert, Rockwool and many others.