Putin praises Moscow International Film FestivalSociety & Culture June 22, 21:49
Russian football team getting ready for game with MexicoSport June 22, 21:38
EU agrees to extend sanctions against RussiaWorld June 22, 21:25
Lavrov tells Tillerson attempts to exert pressure on Russia through sanctions pointlessRussian Politics & Diplomacy June 22, 20:14
Russian war memorial in Poland reopens after renovationWorld June 22, 19:41
Le Bourget air show: Russia clinches contracts for military hardware deliveriesMilitary & Defense June 22, 19:28
Czech president supports idea of referendum on country’s withdrawal from EUWorld June 22, 18:57
Russian fans show fascinating hospitality at 2017 Confederations Cup — renowned pianistSport June 22, 18:32
First days of Soviet Union's Great Patriotic War in picturesSociety & Culture June 22, 18:10
MOSCOW, December 4. /TASS/. Moscow is currently facing difficulties to attract funding both from the western and eastern financial markets, Sberbank's CEO German Gref said on Thursday.
“The thesis that we have not seen the western funds is very bad. Colleagues, you won’t see the eastern money. You should not be waiting for this. Today we see an enormous rivalry for money,” he told a working breakfast as part of the Russian Transport forum.
Russia’s former economy minister, Gref said he had visited a number of “eastern” countries together with the head of the Russian Direct Investment Fund, Kirill Dmitriev.
“I want to say that there are no volunteers lining up to invest in this country. Only we are standing in a queue for money, first of all, from sovereign funds,” Gref said, stressing the need to build an efficient project management system.
The current financial market volatility is creating certain difficulties for Russian banks to finance infrastructure projects, Gref said, urging for introducing a new strategy for attracting private investment.
“Third, and in my opinion, most important is a radical paradigm shift linked to the protection of rights of private investors involved in these /infrastructure/ projects,” Gref said.