Foreign Investors in Russia Ready to Do Business In Any Conditions USA, Britain, Italy, Germany, Japan…..

Posted: October 27, 2014 in Econ 101, Free Trade, Sanctions on Russia Meaningless

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Major foreign investors ready to work in Russia in any conditions — minister


October 20, 2014
Everyone confirmed their readiness to work in any conditions from the viewpoint of geopolitics and fundamental economic circumstances, Economic Development Minister Alexey Ulyukayev says

GORKI, October 20. /TASS/. Foreign business representatives sitting on Russia’s Foreign Investment Advisory Council (FAIC) are ready to work in Russia in any conditions, Economic Development Minister Alexey Ulyukayev said on Monday.

“Everyone confirmed their readiness to work in any conditions from the viewpoint of geopolitics and fundamental economic circumstances,” the minister said after the Council’s meeting, which discussed investment cooperation in the pharmaceutical, telecom and food industries, natural resources use, trade, electric power engineering and energy-efficient technologies.

All the participants in the Council’s meeting said they hoped for further cooperation and expected their joint work in investment and innovations to be no less successful, the economic development minister said.

Russia established the Advisory Council for Foreign Investment in 1994 to prepare proposals on the Russian economy’s investment attractiveness and resolve problems arising for foreign investors during implementation of investment projects in Russia.

More than 60 foreign companies and banks have taken part in the Council’s work over 20 years of its existence. The Council currently includes the heads of 51 major foreign companies with their total investment in the Russian economy exceeding $120 billion.

“We are very grateful to our colleagues from the largest companies who have gathered here,” the economic development minister said.

“The quantitative representation is even better this year than last year: today there were 29 representatives of the largest companies and their number is expanding. Today’s Council’s meeting was attended by Singaporean colleagues who are working in the agricultural sector,” Ulyukayev said.

“The meeting had a very interesting and sincere discussion on a wide range of important issues,” the minister said.



FAIC Council Members 2014
The Foreign Investment Advisory Council (FIAC), established in 1994 as a result of the combined efforts of the Russian government and foreign businesses to improve the investment climate in Russia.
  • Moscow, 21 November 2014
FIAC Members 2014
  Company   Country
1 3M Company USA
2 ABB Ltd. Switzerland
3 Abbott Laboratories USA
4 Alcoa Inc. USA
5 AstraZeneca Sweden / Great Britain
6 BASF SE Germany
7 Bayer AG Germany
8 British American Tobacco Great Britain
9 BP Great Britain
10 Cargill, Inc. USA
11 Carlsberg Breweries A/S Denmark
12 Deutsche Bank AG Germany
13 E.ON SE Germany
14 The EBRD International financial organizations
15 ENEL S.p.A. Italy
16 eni spa Italy
17 EY Great Britain
18 Exxon Mobil Corporation USA
19 Finmeccanica Group Italy
20 Ford Motor Company USA
21 Fortum Corporation Finland
22 International Paper USA
23 Kinross Gold Corporation Canada
24 Lafarge Group S.A. France
25 Mars, Incorporated USA
26 METRO AG Germany
27 Mitsubishi Corporation Japan
28 Mitsui & Co., Ltd. Japan
29 Mondelēz International, Inc. USA
30 Nestle S.A. Switzerland
31 Novartis AG Switzerland
32 PepsiCo USA
33 The Procter & Gamble Company USA
34 Renault France
35 Royal Dutch Shell plc. Great Britain / the Netherlands
36 Saint-Gobain France
37 SANOFI France
38 SCA Sweden
39 Siemens AG Germany
40 SOLVAY Group Belgium
41 Schneider Electric SA France
42 SUN Group India
43 Takeda Pharmaceutical Company Limited Japan
44 Telenor Group Norway
45 Tetra Pak Sweden
46 The Coca-Cola Company USA
47 Total S.A. France
48 UniCredit Italy
49 Unilever Great Britain / the Netherlands
50 United Technologies Corporation USA
51 World Bank International financial organizations



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