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<td width="81%"><font face="Verdana, Arial, Helvetica, sans-serif" size="2" color="#FFFFFF">Russia
Report. A Quarterly Newsletter.<br>
September 2004</font></td>
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<td valign="top" bgcolor="#FFFFCC"><p> </p>
<p><font size="2" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#990033" size="4">Sakhalin adopts new border zone regulations</font></strong></font><font size="2" face="Arial, Helvetica, sans-serif"><br>
<strong>Foreigners, nonresident Russians now need permit to enter</strong></font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">As of Aug. 3, foreigners
and Russian nationals who reside outside the Sakhalin Region must obtain
passes from Border Guard authorities to enter
the border zone, our Yuzhno-Sakhalinsk office reports. The Sakhalin Administration’s
new regulations apply to a five-kilometer-wide zone along the coastline
of Sakhalin Island and Russian territorial waters adjacent to the island.</font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif"> However, our Yuzhno-Sakhalinsk
lawyers note: “The border zone does
not affect the city of Yuzhno-Sakhalinsk, the sites under oil and gas
pipelines, two recreational areas (located between the settlement Peschansky
and settlement Taranay of the Aniva District and cape Svobodny and settlement
Okhotskoye of the Korsakov District) or the settlements Korsakov, Prigorodnoye,
Kholmsk, Nevelsk, Okha, Nogliki, Aniva, Poronaysk, Makarov, Alexandrovsk-Sakhalinsky,
Uglegorsk, Shakhtersk and Tomari within the borders of these settlements."</font></p> </td>
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<td valign="top" bgcolor="#FFFFCC"><p> </p>
<p><font color="#990033" size="4" face="Verdana, Arial, Helvetica, sans-serif"><strong>Improve Far East business climate, U.S. consul says</strong></font><font size="2" face="Arial, Helvetica, sans-serif"><br>
<strong>Changes could attract more foreign investment, she advises</strong></font></p> <p><font size="2" face="Arial, Helvetica, sans-serif">The U.S. consul general
in Vladivostok, Pamela Spratlen, recently urged local authorities in
Russia’s
Far East to improve the ways they deal with foreign business, reports
Natalya Prisekina, of our Vladivostok
office.</font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif"> Prisekina lists
10 factors Spratlen said she believes need change if Primorye wants
to make a climate more attractive for foreign investment:</font></p>
<blockquote>
<p><font size="2" face="Arial, Helvetica, sans-serif">• business opportunities in certain sectors of local market and infrastructure;<br>
• ground conditions and atmosphere (attitude of local authorities toward
foreign business);<br>
• laws and regulations that would ensure transparency, equality and a stable
investment climate;<br>
• conditions for local business;<br>
• infrastructure (railway and air communications);<br>
• access to capital (banks, loans and movement of capital);<br>
• service sector;<br>
• an active press corps;<br>
• businessmen's ideas how to penetrate the market;<br>
• advocacy.</font></p>
</blockquote>
<p><font size="2" face="Arial, Helvetica, sans-serif">Spratlen also acknowledged
that Primorye and Vladivostok have a lot of opportunities for foreign
investors, Prisekina reports. Spratlen noted
that, in 2003, sales of American companies in the Russian Far East reached
70 million US dollars.</font> </p></td>
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<p><font size="4" face="Verdana, Arial, Helvetica, sans-serif"><strong><font color="#993300">Reforms
create new Antimonopoly Federal Service</font></strong></font><font size="2" face="Arial, Helvetica, sans-serif"><br>
<strong>Agency gets less authority than former ministry</strong></font></p> <p><font size="2" face="Arial, Helvetica, sans-serif">As
part of administrative reforms discussed in our last newsletter, the
Russian Federation has
created the Antimonopoly Federal Service,
reports Rinat Zakirov-Ziev, of our Moscow office. “This agency
will supervise compliance with legislation on competition in financial
and commodities markets, on natural monopolies and on advertising,” he
explains. </font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif"> Igor Artemiev, a
former member of the Lower Chamber of the Russian Parliament from a
liberal party, “Yabloko,” will head the Service, Zakirov-Ziev
adds.</font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif">“Federal services
have lower status in the government hierarchy than federal ministries,
and normally are subordinate to some federal ministry,” Zakirov-Ziev
explains. “However, the Antimonopoly Federal Service is not included
in any federal ministry. Its head will report directly to the Prime Minister,
Mikhail Fradkov.”</font></p>
<p><font size="2" face="Arial, Helvetica, sans-serif"> The newborn Service
received limited authority, compared to the former Ministry of Antimonopoly
Policy, Zakirov-Ziev reports. “The most noteworthy changes
are exclusion of control over commodities exchanges, supervision of compliance
with consumer rights laws, and support of entrepreneurship,” he notes.</font></p>
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<td><p><font size="1" face="Arial, Helvetica, sans-serif">© 2004 Russin & Vecchi,
LLP</font></p>
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