Zee Beam News

RBC, 08.05.2008, Moscow 16:52:22.– Russia welcomes and will continue to foster Russian companies' investment activity abroad, as this helps Russia further integrate into the global economy, gain access to new technologies and modern governance standards, former Russian President Vladimir Putin told the State Duma in a speech preceding a vote on his appointment as Prime Minister. The PM candidate noted that, according to international experts, due to some politically motivated decisions Russian companies were prevented from investing some $50bn in certain industrialized economies. According to Putin's estimates, foreign capital investment in Russia is 10 times greater than that of Russian companies in other countries. The ex-President said that the government would set out to convince its partners that Russian investment is no worse than that of any other country. Meanwhile, if other countries should impose restrictions on Russian investment, Russia would also be forced to impose certain limitations. In this connection, Putin thanked deputies for adopting a law regulating foreign investment in industries of strategic importance.