Siberian SME sector gets boost as government relaxes environmental restrictions

Lake Baikal

Lake Baikal

Siberian SME sector: The Russian government has announced that it is lifting the stringent restrictions designed to protect the environment of Lake Baikal and its surrounds in order to boost the region’s economy and create employment. In a move that is expected to breathe life into the local SME sector, it has, crucially, removed the ban on the use of electricity generated outside its boundaries.The legislation applies to three Siberian regions: Irkutsk, the Republic of Buryatia and the Zabaikalsky (Trans-Baikal) region. 
Lake Baikal stretches for 400 miles through south-eastern Siberia and contains 20% of the world’s unfrozen freshwater reserves and in places is said to be about 5,387ft deep. The area is rich in flora and fauna, natural resources, and mineral and thermal waters and is one of Russia’s most popular tourist destinations.