Russia has published Federal Law No. 84-FZ of 18 March 2023, which establishes a new special economic zone in the Kuril Islands, including the territories of the South Kuril, Kuril, and North Kuril urban districts of the Sakhalin Region. Residents of the special economic zone benefit from a corporate income tax exemption and reduced customs duties on imported goods, with customs clearance only required if exported outside of the zone to Russia. Federal Law No. 84-FZ enters into force on 17 A…