On November 26, the Russian State Duma has ratified Agreement between the Government of the Russian Federation and the Government of the Republic of South Ossetia on the promotion and reciprocal protection of investments, says the the official website of the State Duma.
The document was signed on 1 December 2009 to create international legal conditions and guarantees for business and investment activities of the Russian Federation and the Republic of South Ossetia.
The document envisages providing the parties’ investors with fair and equitable investment conditions to prevent discriminatory measures and create equal environment to that of domestic investors or investors of the third States. Parties reserve the right to apply and introduce exemptions from national treatment towards foreign investors and their investments. Agreement shall apply to investments made since January 1, 1994.
