Support The Moscow Times!

Medvedev Promises Less Red Tape

Prime Minister Dmitry Medvedev said Monday that federal and regional government agencies shouldn’t demand any more paperwork from investors than existing rules call for.

Medvedev made the statement at an annual meeting of the Foreign Investment Advisory Council, which brings together representatives of about 40 major multinational corporations present in Russia.

“It’s necessary to state the principle that they can’t require documents that haven’t been directly stipulated,” Medvedev said, responding to one of the speeches at the event, Interfax reported.

The report didn’t say whose speech Medvedev was reacting to.

He also called on the foreign business community to press governments in Europe and the United States to work for a further easing of visa rules. Russia’s goal is to have no visas.

“There are a number of states inside the European Union that block free travel,” he said. “I think it’s unfair and short-sighted.”

He said progress had been made in visa relations with the United States, but it wasn’t “as obvious as we would like it to be.”

Medvedev reiterated that the goal of the ongoing privatization program is primarily to change the economy’s structure rather than fill the budget.

Procter & Gamble chief executive Robert McDonald spoke of the need for Russia to develop roads, more actively promote high technology and make sure the plan to improve customs services doesn’t stay on paper, Vedomosti reported on its website.

Related articles:

Sign up for our free weekly newsletter

Our weekly newsletter contains a hand-picked selection of news, features, analysis and more from The Moscow Times. You will receive it in your mailbox every Friday. Never miss the latest news from Russia. Preview
Subscribers agree to the Privacy Policy

A Message from The Moscow Times:

Dear readers,

We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."

These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.

We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.

By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more