Russian parliament ratifies agreement with Turkmenistan
Turkmenistan, Ashgabat, July 16 / Trend H.Hasanov /
The Russian parliament ratified the agreement between the Russian and Turkmen governments on the promotion and reciprocal protection of investments, the Russian Federation Council reported.
The document is meant to create favorable conditions for investment and investors of both countries, encourage the inflow of capital and development of mutually beneficial trade-economic and scientific-technical cooperation.
The contract includes such matters as promotion, tolerance and protection of investments, treatment of investment, expropriation, compensation, transfer payments, subrogation, dispute resolution, transparency.
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