On July 31, 2020, the Russian President signed a draft law on experimental legal regimes for digital innovation.
The document gives the government the right for a period of up to three years and on a certain territory to withdraw digital enterprises from the operation of certain legal acts and introduce legal acts that will regulate the work of industrial enterprises.
They will cover six industries: digital medicine, highly automated transport, e-learning, financial services, construction, and distance selling of goods and services. The law also allows the creation of “regulatory sandboxes” for companies of other industries in cases established by federal law.
The government’s initiative is designed to provide flexibility in regulation in the field of high technologies, the development of artificial intelligence, neural networks, big data, and other innovative areas.
The establishment of experimental regimes will involve the federal government, regulatory authorities, as well as the Bank of Russia and regional authorities, if the special regime affects their areas of competence.