Russia’s State Duma Deputy explains the reasons for the delay in considering the law on mining

According to Anatoly Aksakov, a number of organizations believe that the document will provoke capital outflow from the country

23.12.2022 - 13:30

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2 min

What’s new? Anatoly Aksakov, Chairman of the State Duma Committee on the Financial Market, has explained why the draft law on mining in the Russian Federation was “put on hold.” The deputy did not name the organizations that caused the hitch but explained that in their opinion, the adoption of the law will provoke capital outflow from the country. Aksakov allowed the possibility of the existence of such a risk, but called on skeptics to jointly finalize the document, TASS reports.

Material by TASS

What else did the deputy say? Despite the mentioned disagreements, Aksakov expects the draft law to be adopted soon. According to him, the first readings may take place in January 2023. He called on critics of the document for dialogue, assuring that their opinion will be taken into account when finalizing for the second reading.

“We will take into account everyone’s opinions. If it fails, they have their options, maybe we will move it. But 90%, I think we will be able to agree to launch this draft law for adoption,” Aksakov added.

Aksakov said on December 22 that the consideration of the draft law on mining was delayed to 2023. Earlier it was planned that the hearing in the first reading would be held on December 20. Then the deputy noted that discussions between various departments regarding certain provisions of the document are still ongoing, and the main opponent of its supporters is the Bank of Russia.

For how the mining industry works in Russia, as well as attempts to regulate cryptocurrencies in the country, read GetBlock Magazine’s special materials.

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