Russia plans to attract foreign investment for major infrastructure projects, involving the Russian government, Russian Prime Minister Dmitry Medvedev said on Thursday.
GORKI (Pakistan Point News / Sputnik - 15th October, 2018) Russia plans to attract foreign investment for major infrastructure projects, involving the Russian government, Russian Prime Minister Dmitry Medvedev said on Thursday.
"We will try to engage [foreign] investors in major projects, in which the state participates. In this respect, I would like to draw your attention to the infrastructure development projects. We are going to expand the sphere of state-private partnership mechanism implementation, and simplify the concessions establishment procedure," Medvedev said at a meeting of the Foreign Investment Advisory Council.
He added that the Russian government would continue its effort toward reaching intergovernmental agreements on dual taxation evasion.
The prime minister emphasized that the Russian government would stick to its policy of creating stable and predictable tax conditions.
"The tax burden level will remain competitive in many jurisdictions," Medvedev said.
Foreign direct investment in Russia amounted to $27.9 billion in 2017, a 14.3 percent decrease year-on-year.
