Putin Urges Regional Investment Roadmaps to Boost Economy

File Photo of Cash, Coins, Line Graph

MOSCOW, December 27 (RIA Novosti) ­ Russian regions should prepare regional investment roadmaps with clear-cut goals to attract investors and boost the county’s flagging economy, President Vladimir Putin said on Thursday.

Putin made the statement at a meeting with Russian governors to discuss how to make the regions more appealing as investment destinations.

Russia’s regions should demonstrate their potential to investors who must have a clear picture of regional infrastructure plans and existing state support measures, Putin said.

“This information must be accessible online and form the basis for Russia’s regional investment roadmap,” he said.

Putin urged the government and the Strategic Initiative Agency to prepare proposals on creating a comprehensive system to draw investment to Russia’s regions.

Russian regional governors should ensure they have the time to make contact with potential investors in person, he said.

Heavily reliant on raw material exports, primarily oil and gas, Russia has been attempting to achieve economic diversification for decades, with varying degrees of success.