“It is necessary to review the grounds for taking entrepreneurs into custody and for extending the preliminary investigation.

It is no secret that very often these norms are applied where there is no objective necessity.

As a result, even at the investigation stage, enterprises are forced to suspend their activities or close down altogether,” the head of state said, speaking at SPIEF.

In such cases, in addition to direct losses and loss of market positions and jobs, the reputation of companies and their leaders is under attack, he explained.

The head of state also urged on a permanent basis to abandon scheduled inspections of enterprises whose activities are not associated with the risk of harm.

RT is broadcasting live the plenary session of the St. Petersburg International Economic Forum.