In my mind it's just the first step in what I think will be the easing of restrictions for visas and travel for foreigners. What is most surprising is the speed in which it happened. For Russia, a minor miracle.
Good points, Chivo. When PM Putin suggested to VP Biden on his recent visit that the USA and Russia should drop visa restrictions many saw it as a "imagine, what if" kind of idea. Like you, I see that coming eventually but its hard to say when something like that could happen.
You are totally right on the speed at which this was pushed thru and then signed. It was just introduced to the Duma last year and Mr Medvedev worked with Boris Gryzlov (Duma Speaker/leader) to put this issue on fast track.
The good news is that this is just the first amendment to the law. Further modifications which will make immigration less stressful on professionals living and working inside Russia are supposed to be in the works. Many of the changes are being put in place as Russia is making a major push on two fronts:
- Making it possible for foreign professionals to comfortably immigrate as Russia builds the
Skolkovo project a "Silicon Valley" concept just outside Moscow.
- Russia is working on the establishment of a global financial centre in Moscow to compete with other major world financial centres for financial and banking services. One of the goals is to assist the Ruble to achieve the status of one the world's reserve currencies. Presidential aide Arkady Dvorkovich is in charge of the project and while the Ruble as a reserve currency idea was shot down by the World Bank this past October, World Bank economist Lucio Vinhas de Souza visited the project late 2010 and while in Moscow acknowledged that Moscow as the world's 11th largest city with 15 million population made sense as a global financial hub for the region.
Both of these are "pet projects" of President Medvedev and so Russia is concentrating on easing immigration restrictions in order to recruit skilled professionals from around the world for these projects.