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Medvedev: Russia is “very poor” investment climate

BBC Russia

President Dmitry Medvedev said Russia’s investment climate is “very bad”. In the crisis year of 2009 the flow of foreign direct investments in the Russian economy fell by almost half compared with the previous one.

“An important theme is the investment climate, these must be dealt with in the first place” – the president said, speaking Wednesday at a meeting to establish an international financial center in Moscow.