Hungarian top diplomat: EU must discuss anti-Russian sanctionsWorld May 26, 19:56
Russian, French top diplomats discuss preparations for Putin’s visit to FranceRussian Politics & Diplomacy May 26, 19:47
Moscow comments on Tallinn’s move to expel Russian diplomatsRussian Politics & Diplomacy May 26, 19:43
WADA: Legendary Isinbayeva suits role of ambassador for clean sports in RussiaSport May 26, 19:33
Russia working on advanced air defense systemMilitary & Defense May 26, 19:17
WADA receives Russia’s new national anti-doping planSport May 26, 19:14
Moldova’s ruling pro-European coalition breaks upWorld May 26, 19:12
Hungary not to change stance on migration under EU pressure — top diplomatWorld May 26, 18:53
Brexit might affect financial stability of Europe — Russia’s Central BankBusiness & Economy May 26, 18:49
MOSCOW, March 3. /TASS/. The Russian Minister of Economic Development Alexey Ulyukayev sees foreign investors’ interest to Russia and thinks amid the current risks Russia should help them make the decision on investing into the country’s economy, he said in an interview aired by the Rossiya-24 TV news channel Tuesday.
"The situation is not simple. Investors should be well-aware of the fact that if they assume risks they will get the return on investment," the minister said.
Russia had been attracting investment for a long time as the country had a high level of financial return with relatively low risks. However, as labor costs, costs on bank loans and natural monopolies’ services rose the Russian economy lost its competitive advantage, Ulyukayev said.
"Plus the sanctions regime, credit tightening and impossibility to refinance international loans mainly brought the situation to a standstill. Meanwhile, the interest is big, this is what is called a standby position. They [the investors — TASS] are ready to make the decision if we help them make the decision," Ulyukayev said.