Russia needs to push its inflow of foreign investments to a pre-crisis level

Prime Minister Vladimir Putin has tasked his Cabinet with pushing the level of attracting foreign direct investments (FDIs) to a pre-crisis level. “It is necessary for us to work more seriously and attract FDIs to our economy at the pre-crisis rate of $60bln-$70bln in FDIs per year, and then increase our efforts further and supersede this benchmark.”

For comparison, in 2010, the volume of Russia’s inbound FDIs totaled about $40bln. Russia has become the leader in term of economic indices growth, exhibiting the best results not only among the BRIC states, but also among the developed countries, Putin noted. “Modernization and development require quality investments. Despite the difficult situations in both local and global economies, there is an obvious foreign investors’ interest on the Russian market, buttressed by the positive dynamic changes in its key economic indicators.”