The boundaries of the “Mikhailovsky” ASEZ have been expanded to allow for the construction of new customs and logistics terminals

Russian Prime Minister Mikhail Mishustin signed a decree expanding the boundaries of the “Mikhailovsky” ASEZ in Primorsky Region. This will enable the implementation of an investment project to build the “Sungach” and “GREEN HUB” road and rail customs and logistics terminals, using state support. The project aims to organize cargo inspection and temporary storage, as well as develop border logistics infrastructure. Private investment will total approximately 2 billion rubles, and 189 jobs are expected to be created. Investment projects will receive state support in the form of tax breaks and administrative preferences, following agreements with the Far East and Arctic Development Corporation (FEDC) to grant them resident status in the “Mikhailovsky” ASEZ.