IFN - ROUSTAM VAKHITOV and SERIK ISKAKOV
discuss whether it is possible to structure infrastructure projects in
Russia in a simultaneously Shariah compliant and tax efficient manner?
Good infrastructure is vital for Russia’s
development due to the vastness of its territories. This includes roads,
railways and related machinery, industrial plants, airports and
aircrafts, oil and gas pipelines power lines as well as power stations
and other projects.
Most of these infrastructure projects in Russia
were implemented 50 years ago and now the lifetime of these assets is
approaching the end of their exploitable economic life. Therefore the
replacement or renovation of a significant quantity of infrastructure
assets in the future will be an important part of the Russian economic
landscape. rest of story : IFN
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