MOSCOW, March 22 (Itar-Tass) — The Smolensk Region has all conditions for consistently expanding its foreign economic activity, State Secretary, Deputy Foreign Minister Grigory Karasin said on Thursday at the presentation of the region’s investment potential.
“A convenient geographic position of the region creates conditions for consistently expanding foreign economic and international exchanges that currently exist with more than 90 countries,” the high-ranking diplomat said.
“Major transport and energy routes, connecting our country with Belarus, the Baltic States and Western European countries, go across its territory,” he said. “Besides, all kinds of telecommunications are developed there and the investment climate improves,” the deputy foreign minister said.
“One must not forget that the Smolensk Region accounts for seven percent of the world and half of the Russian market of diamonds,” he added. Karasin particularly emphasized that “for the past few years the region has been stably on the list of Russian regions with minimal investment risks”.
“This presentation will let our partners familiarize themselves in detail with possibilities that open for economic, investment and innovation cooperation, for an expansion of humanitarian and cultural ties,” Karasin added.