The speaker: the Council discussed the investment business of Russia, not sanctions

The speaker: the Council discussed the investment business of Russia, not sanctions


The Minister of economic development said that the meeting discussed issues of small and medium-sized businesses, interfacing with major investors, as well as the development of financial security and economic growth.

SLIDES, 19 Oct. The Advisory Council on foreign investments discussed issues of development of structure of the Russian economy, in particular, the issue of small and medium business, in General, the conversation was substantive, emotional subject of sanctions this year for not sounded, said the Minister of economic development Alexei Ulyukayev following the meeting.

“Discussed issues associated with the development of the structure of the Russian economy, in particular, discussed issues of small and medium-sized businesses, interfacing with major investors, including global investors, the development of financial security, economic growth and so on,” he told reporters.

Answering the question was discussed whether investment in Crimea, the speaker replied in the negative.

“Territorial aspects were not discussed almost at all, except for a few cases, when it came to questions about specific companies operating in a particular region and raise questions, say, about the interaction with the local administrations. Crimea was not discussed”, — he said.

In addition, according to him, they discussed mutually acceptable solutions that are satisfactory to both foreign partners and the state. As an example, he cited the delay requirements of environmental legislation through 2019, and so on.

“Unlike last year, when there were many emotional conversations on the topic that sanctions are creating new conditions and would like us to adapt to them, as to separate politics from economy, and today’s conversation was very different. Today he was practical. Today everyone understands how to actually need to work. That’s the first step he disappeared, investing, continues work with foreign business in our country, therefore, spent more time talking about very practical things,” — said Ulyukayev.

In particular, they talked about how to combine the line of import substitution and foreign investors, how to establish communication and to provide legal protection, how to obtain the status of a national manufacturer, discussed the degree of localization of production and the use of localized production in the public procurement law, questions of different kinds of non-tax and other encumbrances, the Minister explained.