Russia Calls on Foreign Partners to Cease Obstacles before Russian Investors on Political Ground

Business Materials 19 September 2008 18:16 (UTC +04:00)

Azerbaijan, Baku, 19 September / Trend corr.A.Badalova /One of the primary tasks of Russia is to remove institutional investment restrictions, Vladimir Putin, Russian Prime Minister, said at the 7th International Investment Forum in Sochi, which was broadcasted by the Vesti channel.

Putin said that Russia was interested in the further attraction of foreign investments.

"We count on reciprocity and willingness of foreign partners to welcome Russian investors. We cannot understand when our investors meet obstacles on the political ground, which do not have sensible economic reason," said the prime Minister.

The program is being working out to develop competitive. Program's goal is to cut misuse of market by monopolists.

An active monopoly policy, according to Putin, will enable to remove price obstacles and reduce the inflation rate. Russia's policy has not been changed.

"We stake on private initiative, entrepreneurship freedom, openness and rational integration into the world economy," said Putin.

Russia needs in powerful self-managing financial system. Serious steps are taken in this direction related to the project to form the international financial centre in Russia. Program envisages development of the banking system, exchange and trade stocks, softening of tax legislation to invest security in markets.

"National companies, I hope, will transfer to national currency. In any case, the oil and gas sector may carry out this through several deals," said Putin.

"Since 2009, Gasprom suggests to pay in rubles to its partners,' said Putin.

Speaking about the impact of the world financial crisis in Russia, Putin said that the fundamental indexes of the Russian economy were beyond the norms.

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