Meeting of the Government Commission on Monitoring Foreign Investment

In particular, the meeting participants discussed a proposal from a company controlled by the Silk Road Fund to purchase a share in Sibur Holding.

Dmitry Medvedev’s opening remarks:

Meeting of the Government Commission on Monitoring Foreign Investment

We are now facing a complicated task of achieving stable growth of the national economy. One of the challenges here is to restore investment activity, including foreign investment.

As before, we are interested in expanding cooperation with those who are ready to start and develop projects in our country. We appreciate the enthusiasm of our partners and have seen even greater interest lately judging from the work of our advisory council. On 17 October, we held the council’s 30th meeting. There has been an increase in both the number of participants and the total scope of capital investment in the Russian economy. 

This development has been also indicated by the work of our commission, where we regularly discuss new deals. Statistics also show some progress although the entire value of the deals is far from the figures of the more successful 2014.

Russia is still open to those who want to do their business here and understands that our market and our economy have great opportunities, for example those created by the establishment of the Eurasian Economic Union.

We have adapted to external shocks and took necessary anti-crisis measures to support potential points of growth, and managed to significantly lower inflation. Other macroeconomic indicators are generally healthy. We are taking action to support investment projects and will work further in this direction.

Currently, we are considering several proposals, including a proposal from a company controlled by the Silk Road Fund, which is seeking a share in Sibur.