Enhancing Policy Transparency

Despite recent growth, the volume of Russia’s international investment remains modest compared with major OECD countries.  The recent upsurge of inward foreign direct investment (FDI) has not yet translated into a significant share of FDI in GDP and total investment.

The 2006 Investment Policy Review of the Russian Federation examines developments in Russia's regulatory investment environment since the publication of the 2004 Review, focusing on investment policy transparency and effective implementation.  It includes recommendations to move capital control reform forward, to adapt least-restrictive approaches to legislation on "strategic sectors" and to strengthen Russia's international investment agreements.

This review is part of the long-standing co-operation established between the OECD and the Russian Federation. Download the overview and recommendations from the publication in pdf file format.  Download the full text of the publication in Russian.

For further information, see:

• OECD news release: Russia should do more to attract FDI following rouble move, says OECD , 5 July 2006
• OECD Investment Policy Reviews: Russian Federation - Progress and Reform Challenges
• OECD-Russia co-operation in the field of international investment OECD-China co-operation in the field of international investment