Russia to revise regulations on foreign investments by yearend
22:28, 21 May 2010
SAINT PETERSBURG. May 21. KAZINFORM Revisions to the legal framework regulating foreign investments in strategic branches of the Russian economy will be implemented by the end of 2010, Prime Minister Vladimir Putin said on Friday.
Russia saw a 16% decline in foreign investment in 2009, Putin said at the EurAsEC intergovernmental council meeting. "This year we want to break this tendency, and to do this we are acting in several directions at once," he said.
"The issue is about improving the investment climate, abolishing abundant bureaucratic limitations, revising the legal framework that regulates foreign investment in strategic branches of the Russian economy," Putin said, Kazinform refers to RIA Novosti.
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