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Presidential Executive Office2023
Events

On implementing Presidential instructions to form a special fund to attract foreign investments into Russia’s economy

April 6, 2011
20:00

Following the World Economic Forum, held on January 24–28 2011 in Davos, the Russian Government was instructed to submit suggestions on the formation and operation of a special fund for attracting foreign investments into Russia’s economy.

The Government finds it imperative to create a fund to attract foreign investments into Russian economy based on the following key provisions.

The Fund will serve exclusively to support investment projects based on co-financing with foreign investors; Vnesheconombank is to organise the creation of the Fund; the Fund is to be capitalised through the National Welfare Fund.

The Fund’s capitalisation, issues pertaining to creating a special managing company, basic terms and conditions for attracting investments and implementing investment projects, the Fund’s share in financing projects, and the necessity of a relevant clarification of Vnesheconombank’s functions will be determined in the course of further work.

The Government of Russia gave corresponding instructions to relevant federal executive agencies.

Topics

  • Economy and finance

Publication status

Published in section: News

Publication date: April 6, 2011, 20:00

Direct link: en.kremlin.ru/d/10969

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Official Website of the President of Russia:

On implementing Presidential instructions to form a special fund to attract foreign investments into Russia’s economy

http://en.kremlin.ru/events/president/news/10969

Last updated at March 20, 2015, 18:01

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