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Russian, , 918kb
Despite a wealth of investment opportunities, the Russian Federation has attracted relatively little foreign direct investment (FDI) and has experienced large-scale capital flight. This phenomenon results from sectoral restrictions on foreign investment and from important institutional factors which also affect domestic businesses.
Russia has made significant improvements in its business environment since the last decade, adopting
Senior officials from the Russian Federation and from OECD countries met in Paris on 14 June 2004 to discuss recommendations designed to boost foreign direct investment in Russia.
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This speech was made by Mr Mehmet Ögütçü at an OECD-Russia Investment Roundtable which was held in Saint Petersburg, Russia, on 19 June 2002.
19 June 2002, St Petersburg, Russia. This roundtable focused on emerging investment challenges and opportunities in Russia.
After the dissolution of the Soviet Union in 1992, the Russian Federation promptly proceeded with initial economic reform measures and privatisation programmes which were largely completed by 1994.
Despite the creation of a basic corporate sector, many structural reforms remained incomplete, limiting inflows of foreign investment. Following the financial crisis in 1998, Russia has been in a period of stabilisation and is now showing
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August 1993. This publication seeks to add to the understanding of the problems which policy makers of Central and Eastern European Countries (CEECs) face in designing and implementing exchange control policies.