New investors to bring RUR17bn into Russia’s special economic zones

MOSCOW. The expert council on industrial special economic zones under the Russian Economic Development Ministry has endorsed business plans of eight resident companies in the Lipetsk, Alabuga and Togliatti zones, the press service of Special Economic Zones said after the council’s meeting on Friday.The aggregate sum of investment planned by the new residents is RUR17.2bn ($543.1mn, or €425.5mn).The new residents are companies from the United States (GM and 3M), Japan (Sanoh), Germany (Mubea), Turkey (Coskunoz) and Russia (Belaya Dacha, Cherkizovo Group and Bytplast).