Interfax: Foreign investors not put off by Western sanctions – Russian deputy PM

Igor Shuvalov file photo

(Interfax – Vladivostok, April 26, 2014) Many foreign investors that have long been working in Russia are not planning to leave the country and intend to make new investments in the Russian Federation despite Western sanctions, First Deputy Prime Minister Igor Shuvalov has said.

“These are investors who have been working in Russia for many years and usually describe how attractive Russia is in their countries. They said that they still believe in Russia: Russia is a very interesting emerging market. Besides, lots of companies raise a major part of their revenues from production and sales in Russia within their holding corporations and definitely have no intention to leave,” Shuvalov told the [weekly current affairs] programme “Vesti on Saturday” with Sergey Brilev broadcast [on official state TV channel Rossiya 1] in Far East.

Many of these companies have talked about expanding their production plans, about new investments, he added.

“The most important thing is that they raise specific questions, that they want the Russian government and the law to improve the business climate in the country,” the deputy premier added.