President eyes Russian investments abroad

In last week’s interview with Reuters, Mr. Medvedev stressed that Russian investments abroad will have positive effects on international relations. “The biggest priority for surplus revenue earned from energy sales is without a doubt investment in our own economy, in developing business in our country and supporting the social sphere and pension system. These processes are all regulated by law and this will continue. But at the same time, we do think that Russia should play a suitable part on the international economic markets in order to support our possibilities in different countries and help us to develop our economic relations with these countries, including through investing these kinds of funds in foreign assets”, he said to the news agency. He also encouraged Russian companies to engage on a broad basis in international projects. “I think that not only the state but also Russian business, after investing in the Russian economy, should also actively invest free funds in big projects in other countries, and not even only in big projects, but also in medium and even small projects, because all of this helps consolidate economic stability and creates ties of mutual interdependence. This would benefit not just Russian businesses but the economic situation in the world in general, and would help specific economies to develop”.