Crimean Special Economic Zone ratified by Putin

Russian President Vladimir Putin¬†Special Economic Zone: Russia’s President Vladimir Putin last week signed a document officially ratifying the establishment of the Crimean and Sevastopol Special Economic Zone.¬†The law simplifies visa requirements for entry to Russia’s new territory;¬†reduces income tax and social contributions; and provides for the duty-free import of a range of goods, and equipment. The region will enjoy SEZ status for at least the next 25 years.KP.ru