The ruble and ruble-denominated assets became the most strong and powerful assets in the world, said the head of the Ministry Maxim Oreshkin. He stated during the expert discussions of the Advisory Council on foreign investments, held in the framework of the Gaidar forum, reports “Interfax”.
The Minister pointed out that the last two years, many foreign companies feared that “the instability in the financial markets, the instability of inflation dynamics will persist, but we see that the ruble and ruble-denominated assets became the most strong and powerful assets in the world.”
“So those who were afraid, missed a serious opportunity,” said Oreshkin, noting that now the one who will invest faster will get a higher return on their investment.
“Those who will wait and defer investment decisions to a later date, will be in a less advantageous position. So I of all foreign colleagues are invited to make investments,” — said the Minister (quoted by TASS).
Oreshkin also noted that the past two years, foreign companies in Russia, which initially was more oriented towards the domestic market, started to work more on exports in a situation when ruble is no longer overvalued.
“But to operate on the global market from Russia, need another level of certainty for business,” said Oreshkin, stressing that this question — how the economy responds to the volatility of oil prices how sustainable the tax system, how does all regulatorika in the country — will be the main task of the government this year.
Problems related to investment activity, innovation, international cooperation and export. also singled in the number of constraints that hinder the growth of the Russian economy, in his first interview as Minister of economic development to “Kommersant”.
… Was appointed Minister of economic development 30 November 2016 instead Alexei Ulyukayev dismissed in connection with loss of trust after allegations of bribery. Before. he held the position of Deputy head of the Ministry of Finance.