Re-Writing Russia's Subsoil Law: from Sovereignty to Civil Law?
Russia is currently engaged in a major overhaul of legislation governing the subsoil.
Russia is currently engaged in a major overhaul of legislation governing the subsoil. The new legal framework will confirm the recent centralisation of authority over subsoil use and initiate the transition from a licensing regime to a regime based on civil law agreements between the state and investors. A civil law regime could provide investors with much more favourable conditions, but the success depends on the nature of the secondary legislation still to be drafted and on progress in strengthening judicial impartiality and independence.
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Re-Writing Russia's Subsoil Law: from Sovereignty to Civil Law?
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Founded in 2005 within Ifri, the Russia/Eurasia Center conducts research and organizes debates on Russia, Eastern Europe, Central Asia, and the South Caucasus. Its goal is to understand and anticipate the evolution of this complex and rapidly changing geographical area in order to enrich public discourse in France and Europe and to assist in strategic, political, and economic decision-making.
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