The Ministry of Economic Development has prepared a bill on the use of the DDU mechanism in the construction of hotels The Ministry of Economic Development of the Russian Federation has prepared a law that will allow the use of funds from private individuals in the construction of hotels, it has been discussed with the industry, and the removal of the restrictions on the use of equity participation agreements (EPA) in tourism-type SEZs, said the head of the ministry, Maxim Reshnikov, on Thursday at the Russian Bosses Forum. "We have now prepared such a draft law, we are actively discussing it with the industry, but of course if there is your guidance, and it seems to me that the situation is ripe, we can agree on it quite quickly. We will use all the mechanisms to protect the population's funds that have already been implemented within this legislation," he said.

The Ministry of Economic Development has prepared a bill on the use of the DDU mechanism in the construction of hotels The Ministry of Economic Development of the Russian Federation has prepared a law that will allow the use of funds from private individuals in the construction of hotels, it has been discussed with the industry, and the removal of the restrictions on the use of equity participation agreements (EPA) in tourism-type SEZs, said the head of the ministry, Maxim Reshnikov, on Thursday at the Russian Bosses Forum. "We have now prepared such a draft law, we are actively discussing it with the industry, but of course if there is your guidance, and it seems to me that the situation is ripe, we can agree on it quite quickly. We will use all the mechanisms to protect the population's funds that have already been implemented within this legislation," he said.