Kremlin calls special economic zones inefficient

Peskov calls rapid development territories 'rather successful'

Kremlin press secretary Dmitry Peskov said he would have to check whether the president had ordered the shutting down of existent special economic zones and abstinence from opening new ones and called those instruments highly inefficient.

"The [special economic zone] institute is highly inefficient. At least it has proven to be inefficient in our country. It is too expensive, the return is meager, and its efficiency factor is zero," Peskov told reporters on June 9.

"I will have to check with documents, I am not ready to say now," Peskov said, adding that the president's order did not apply to rapid development territories.

"This does not apply to rapid development territories. Rapid development territories are a separate institute, which has been rather successful, growing and demonstrating positive dynamics," Peskov said.

Read more: Russian business repatriates money from offshore zones>>>

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