Russia will not be limiting flows of capital — Putin

Russia will not be limiting flows of capital — Putin

Economy June 19, 8:27 UTC+3

STRELNA, near St Petersburg, June 18. /TASS/. Russia will not be limiting the flows of capital as it proceeds from a principled stance on the issue, President Vladimir Putin said on Thursday at a meeting with foreign investors.

“The list of our absolute priorities includes a weighed-out and responsible police in the field of finance and borrowings,” he said. “On the whole, we aim to ensure predictable macroeconomic conditions for successful business and for a growth of capital investment in the Russian economy.”

“Our fundamental principle is to renounce any barriers and restrictions for the flow of capital,” Putin said.
He recalled the Russian government did not resorted to such restrictions even at the most difficult moments. “It was this way in 2008 and it’s in exactly this way now.”

Putin said he hoped for having a frank conversation with the investors and hearing from them what kind of problems they were running into and what kind of instruments were needed to develop cooperation in the sphere of investment.
“The interest towards Russia, new projects in our country remains very high despite all the difficulties in global economy and politics,” – he said.

He stressed Russia’s openness for long-term and mutual partnership and the firm intention to broaden economic freedoms and create a business environment of maximum investor friendliness, especially in what concerned infrastructure projects and the industrial sectors with a high added value.

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