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Medvedev: Russia to take individual decisions to allow Chinese companies to invest

“It passes decisions on an individual basis dependent on how we understand Russia’s national interests,” Medvedev said

SOCHI, September 19 /ITAR-TASS/. A Commission on Investments in strategic sectors will take individual decisions if Chinese companies should be given access to Russia’s strategic industries, Russian Prime Minister Dmitry Medvedev said in an Itar-Tass interview on Friday.

“We have special rules of investing in strategic branches of enterprises; there is a special commission headed by the prime minister,” Medvedev said when asked whether Russia could ease the access of Chinese companies to Russian strategic sectors.

“It passes decisions on an individual basis dependent on how we understand Russia’s national interests,” Medvedev said.

Russia’s First Vice-Premier Igor Shuvalov said in his earlier interview with Itar-Tass that China had asked Russia to soften its federal law on foreign investments in strategic enterprises. This theme was raised at a meeting with representatives of China’s biggest commercial banks.

“Our Chinese partners tell us: if you want more investments, we are ready to give them to you,” Shuvalov said adding the investments in question were worth up to $20 billion dollars. But for that China demands certain regulative changes.

Russia’s Federal Law No.57 imposes restrictions on foreign investments in strategic enterprises.

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