Business · Economy · 11 hrs ago

Putin says Russia must launch a new investment cycle

Putin says Russia must launch a new investment cycle

Vladimir Putin said Russia must start a new investment cycle to support investment and economic growth.

He said investment should go to innovative companies and projects in industry, logistics, tourism, creative work and other fields.

The aim is to serve a larger domestic market and respond to growing global demand.

Putin said businesses should lead the effort.

He linked that role to companies pursuing long-term projects and creating good, modern jobs.

The statement sets out a priority, but gives no specific measures or timetable for the investment drive.

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Vladimir PutinPresident of Russia
Russia faces the task of launching the new investment cycle, increase investments in innovative companies, industrial, logistical, creative, tourist and other projects targeting larger capacity of the national market, and growing global demand also.
via TASS