Support The Moscow Times!

Foreign Investment Agency for Regions Mulled

The government plans to create a privately funded agency to promote and facilitate foreign investment in Russia's regions, the regional development minister said.

The Investment Agency will be supervised by the ministry but bankrolled through nonbudgetary financing, providing a single-window service for foreign investors, Regional Development Minister Igor Slyunyayev told a recent investment roundtable, RIA Novosti reported.

Rather than adding to bureaucratic quagmire, the agency is expected to "create favorable conditions for the work of foreign investors with existing institutions tasked with attracting investment," Slyunyayev added.

Russia's key agency for bringing in foreign investment, the Direct Foreign Investment Fund, or RDIF, urged regional authorities earlier this month to propose projects that could attract foreign investors and qualify for an infusion of the fund's massive stockpile of cash.

Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.