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Prime Minister Vladimir Putin held a meeting of the Government Commission for Control of Foreign Investment

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Events / Video

Vladimir Putin's introductory remarks:

Good afternoon, colleagues,

Today, we are holding a regular meeting of the Government Commission for Control of Foreign Investment.

We will review several applications for the purchase of shares in Russian companies involved in missile and space technologies, transportation, and extraction of mineral resources.

We have recently received about 45 applications from foreign partners on investment in Russian strategic companies.

This indicates that despite all the consequences of the global financial turmoil, interest in the Russian economy remains high. At the same time, it is important to realize that tense competition for investment will unfold during post-crisis recovery.

Our task is to actively create the best possible environment for this investment in our economy.

Therefore, today we will also discuss proposals on improving procedures of control of foreign investment, all the more so since they have already been applied.

We should get rid of loopholes that allow some of our economic operators to obviate legal standards and dodge approval of deals with strategic assets. At the same time, we should simplify decision-making so it does not continue to be a burden for good faith investors. In short, we should do the same work as with legislation on protecting competition, and to do this openly and quickly, maintaining constructive dialogue with the business community.

I give the floor to Mr. Artemyev (head of the Federal Anti-Monopoly Service). Go ahead, please.