Prime Minister Vladimir Putin has declared his Cabinet’s readiness to dismantle all administrative barriers in the Russian economy so to create favorable conditions for the inflow of foreign investments and activation of innovative activities. These plans and measures are especially important today as Russia plans to turn into one of the new global financial centers in the post-crisis era.
“We need to adopt additional steps for the creation of a favorable investment climate in Russia, which will include revoking all the existing administrative barriers, readjustment of our tax system to encourage innovations, optimization of business procedures and state control over business,” Putin noted at the State Commission for Monitoring Foreign Investments. “In this context, we are ready to encourage all companies, including those of our foreign partners, operating in the country.”
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