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Russia should create reliable conditions for attracting foreign investment — German expert

BERLIN, May 22. /ITAR-TASS/. Projects that German companies are now implementing in Russia have not been placed in jeopardy due to the unrest in Ukraine, a German expert said.

“The situation is different with enterprises that are planned to implement new projects in Russia,” Chairman of the Committee on Eastern European Economic Relations Eckhard Cordes said on Thursday.

“Naturally, these companies should analyze their positions thoroughly. Businessmen seriously fear that there is a threat to drift to the Cold War times,” he said.

“Russia should do anything for Germany to restore trust that was lost during the conflict in Ukraine,” Cordes said.

“Russians know that they should create reliable investments conditions if they want to attract foreign capital,” he said.

Cordes is participating in St Petersburg International Economic Forum.