“Our country is open to everyone who wants to develop their business”

“Our country is open to everyone who wants to develop their business”


Dmitry Medvedev said that Russia is interested in investments, including foreign

Photo: TASS/press service of the government of the Russian Federation/Alexander Astafyev

Prime Minister Dmitry Medvedev held a meeting of the government Commission on monitoring foreign investment. Opening the meeting, the Prime Minister said that the state’s goal is to achieve the recovery of investment activity, including from foreign investors.

— We remain interested in expanding cooperation with those who are ready to create and develop projects in our country. Appreciate that counter-interest remains, in some ways it is even stronger, — said Dmitry Medvedev.

However, according to the Prime Minister, the total amount approved by the Commission of transactions is still far from indicators of a more successful 2014 and on pre-crisis levels Russia has not yet emerged.

— Our country is still open for those who want to develop their business who understand that our market and our economy are large, who see what benefits appear, for example, in connection with the establishment of the Eurasian economic Union, — continued the head of government.

At the meeting of the Commission considered several proposals, including from the Chinese company “silk road Fund”, which wants to acquire 10% stake in the Russian oil and gas company SIBUR. The Federal Antimonopoly service has declared that the transaction is approved.

The involvement of the “silk road Fund” as a strategic investor will have a positive impact on strengthening relations with the leading financial institutions in China and increase the availability of financing investment projects suggested by the FAS.

Recall that the “Foundation” carries out foreign investment in infrastructure, energy, industrial development and financial cooperation in the project “One belt and one road” aimed at strengthening economic relations between China and other countries.

For the Chinese representatives acquire 10% of SIBUR is the second investment in the Russian oil and gas industry. In the spring of last year, “silk road Fund” has acquired 9.9% of Yamal LNG from NOVATEK for $ 1 billion.

At the last meeting of the Commission in October last year the Prime Minister also talked about the fact that foreign investors remain interested in Russia, Recalling that in the Advisory Council for foreign investments (FIAC) consists of the heads of 54 global companies, representing various segments of the economy.

— This year (2016. — “News”) we were joined by leading companies in Europe and the Asia-Pacific region for a number of segments. I hope it will be a good political signal, — said Dmitry Medvedev, speaking at the jubilee 30th, the FIAC meeting.

In addition, in December last year after the sale of 19.5% of shares of “Rosneft” the Prime Minister said that such transactions significantly increase the investment attractiveness of Russia.

— As a result of these actions, we have completed all the privatization plans that were for this year. As a result of this transaction and prior to significant changes in the investment attractiveness of Russian assets and economy, — said Dmitry Medvedev.

According to the Department for control of foreign investments of the Federal Antimonopoly service, the transaction, previously agreed upon by the state Commission in 2016, will bring to the Russian economy is about 420 billion rubles.

The greatest attraction for foreign investors are enterprises of the nuclear sector, pharmaceutical companies, infrastructure, natural monopolies and enterprises-subsoil users.

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