Russia Offers Tax Breaks to Venture Investors, Kommersant Says

Russia may offer tax breaks for long- term venture investors, who buys into shares of so-called innovation companies, Kommersant reported today, citing a Ministry of Economy draft decree.

Such investors may not have to pay income tax after 2016, when they sell the stock, Kommersant said.

To contact the reporter on this story: Yuliya Fedorinova in Moscow at yfedorinova@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

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