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One ruble. Such an annual payment for land lease is offered to investors in Crimea

CrimeaPRESS reports:

For the implementation of investment projects in the Crimea, an annual fee for the first year of land lease is set at 1 ruble. This was reported in the Council of Ministers of the Republic of Crimea. It is emphasized that this is a measure to support tenants of real estate and land plots under sanctions.

In order to provide priority measures to support organizations, individual entrepreneurs and individuals who are tenants of property (including land plots) owned by the Republic of Crimea, under the conditions of sanctions, the Head of the Republic of Crimea Sergey Aksyonov signed the relevant Decree.

According to the document, the annual rent for the first year of use of a land plot owned by the Republic of Crimea is set at 1 ruble. This applies to lease agreements that are concluded as part of the implementation of investment projects for the construction of new industrial enterprises. Including the specified support measure applies to agreements concluded after the entry into force of the Decree of the Head of the Republic of Crimea No. -U dated 06 .05.2022 and will be valid until the end 2022 of the year, — told the Ministry of Property and Land Relations of the Republic of Crimea.

The full text of the Decree can be found on the Government Portal.

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