Russia to lead on investment climate: Putin

September 7th, 2012 - 11:34 pm ICT by IANS  

Moscow, Sep 7 (IANS/RIA Novosti) President Vladimir Putin said Friday that Russia would aim for a place among the world’s top 20 countries on investment attractiveness.

Speaking at the APEC summit in Vladivostok in the Russian Far East, Putin said to that end, government has drafted a roadmap to improve the investment climate with the help of the Russian business community.

The roadmap envisages decreasing administrative barriers and improving customs operations, among other things, Putin said while declining to provide further details.

Russia ranked 120th among 183 countries in this year’s edition of the Doing Business rating compiled by the World Bank.

APEC countries account for 10 of the top 20 slots in the rating, topped by founding bloc member Singapore.

–IANS/RIA Novosti
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