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Russian New Resources Law Leads To Unsatisfied Needs

Legislative Assembly of Krasnoyarsk region, Russia, stated that the new law on the country's natural resources might lead to the situation...

Russian New Resources Law Leads To Unsatisfied Needs

Legislative Assembly of Krasnoyarsk region, Russia, stated that the new law on the country?s natural resources, approved by the government, might lead to the situation when large finance groups purchase main resources in the country that will not meet the needs of regions.

The bill provides the move of legislation relations towards trade and auction basis. This may result in all regional resources being bought by one large finance group, which is not obligatorily concerned about the region. Experts express an opinion that contests will serve better for this purpose than auctions.

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