Medvedev: transfer received in DFO lands to foreigners will be prohibited

Medvedev: transfer received in DFO lands to foreigners will be prohibited


MOSCOW, 12 Nov. Transfer received in the far East land for development of the Russian citizens to foreign companies and foreigners will be banned, said Prime Minister Dmitry Medvedev.

“The transfer of plots in any form of these foreigners, companies with foreign participation, or rather, foreign companies or individuals without citizenship is prohibited for obvious reasons,” Medvedev said at a government meeting on Thursday.

According to him, the relevant bill stipulates that every citizen of the Russian Federation will be able to get a land in the far East for its development, but he can lose it, if you will not use it for other purposes. The bill also provides for pre-lease.