Koblov, S.Y. Institutional bases of the Russian Federation in the sphere of international investment cooperation

Abstract: Attracting large-scale foreign investments into its economy is one of the key goals of any state. Dynamic an efficient development of economy of any state much depend on an amount of foreign investments. In this article the author analyzes the institutions of the Russian Federation responsible for attracting foreign investments and improvement of the investment climate. The article contains detailed analysis of the competence and obligations of the Government of the Russian Federation in the sphere of international investment cooperation. The author describes the factors, on which a decision of a potential investor on an amount of investment depends, resulting in his evaluation of the correlation of the risks of investment and profits. The article also provides information on the Foreign Investment Advisory Council (FIAC), which is the body formed in order to guarantee and implement consecutive and coordinated state policy in the sphere of attracting foreign investments into the economy of the Russian Federation. The article includes information on its structure, renewal of the Council, its current composition, procedure for the formation of the working groups. Analysis of the institutional basis of the Russian Federation in the sphere of investment cooperation shows active participation of the state bodies in this sphere. Generally, one may state that the economic situation in Russia is currently beneficial for the long-term investments, and the measures are taken in order to stimulate investment processes.

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