Vladimir Putin has approved a new cabinet whose main task will be to re-energise the Russian economy and attract investment, against the backdrop of heightened geopolitical tensions and sanctions. Its focus will be on infrastructure, technologies, healthcare, import substitution, industrial export, and the facilitation of expedited growth in the Russian Far East. The cabinet must improve the business climate but it is less clear how committed the political authorities are to genuine change.
Our resident expert Oleg Babinov, head of Business Intelligence - Russia, Eastern Europe and Eurasia practice at Risk Advisory, gives insight to the Russian perspective, and discusses whether the government is likely to create new opportunities for international investors to do business in Russia in the current negative external environment.
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