June 16th, 2011
05:36 PM GMT
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The Russian government is trying to woo the world as it seeks to increase foreign investment into the country.

In an attempt to diversify from the oil and gas industries, the country is putting money behind investing in new companies.

CNN’s John Defterios reports on the initiative from the St Petersberg International Economic Forum.



soundoff (12 Responses)
  1. GoProgress

    Russia is a loser country – they couldn't even make communism work. They always act defiant but cower and go along with everything the US wants to do with at the most lip service to the contrary. They will never be anything again, because they lack a backbone and are a bunch of thugs and ruled by short sighted morons. They could of learned from China but they are also pig headed and ignorant.

    June 17, 2011 at 11:44 pm |
  2. Jarhead

    Had my experiences in Russia. Never again!

    June 18, 2011 at 12:03 am |
  3. pepepe8789

    I'm sure that economic policy in Russia appears to be adequate at a glance, but IT industiries development should be more important thinking of the case of India.

    June 18, 2011 at 10:00 am |
  4. Donald Fraser Miles

    Russia has come a long way since its communist days. It is wisely pursuing a program of privitization and state investment in free enterprise. It has been rewarded by its dedications to capitalism and democracy. It is hard to say what effect a change in leadership in the presidency would have.

    June 18, 2011 at 2:36 pm |
  5. alya

    INDEED; NO SIGN OF IMPACT FOR THESE GLOBAL TARANSACTION (FUND POSITING REDUCTION). IT WANT EFFECT THE FORIGEN INVESTMENT OF THE TOP STATE USA. THE RED SIGN IS IN CHINA. WHO USE THE TAXATION TECHNIQUE METHODOLOGY TO IMPLEMENT THE GLABAL TRANSACTION STRESS PARTICULARLLY IN FUND POSISTIONG TRANSACTION . THE CHINESE CURB THE MARKET. NO ANY RED ALARM FOR RUSSIAN. BEST REGARDS

    June 18, 2011 at 6:54 pm |
  6. Neo

    Russia still isnt democratic and is totaly corrupt. No business without the police, the authorities, the politicans, all hold out a tin cup..

    June 19, 2011 at 4:17 am |
  7. ha

    GoProgress, you are so rude. I believe Russia wil develop faster than Us or China. You said they could learned from China. What to learn? learn to make fake goods that is poison, make toys for chhildren with lead, invade other country'sea and the such. Do you really want Russia become another China? You are so superficial!!!

    June 19, 2011 at 8:41 am |
  8. Alex M.

    2GoProgress
    What you can say about US? US government is a third reich, you can look at us media and how the government violate the human rights here in the US. Above economy situation, the US economy is deep deep deep in the ass, i'm wrong? The US citizens is a loser people, and we are like it and continue saying – the our contry is the best contry in the world. Problably it was sometimes.
    2Jarhead
    Good news for Russia.

    Open eyes people, Russia is not the same country 30 years ago. US government propaganda is doing the great job, but dont you think it's a time start to tnink by yourself

    June 19, 2011 at 2:43 pm |
  9. Alex

    @GoProgress .. i wonder what stinking country you're from .... i'm russian and i'm superior to you in every way

    June 19, 2011 at 9:28 pm |
  10. Alex M.

    Alex
    @GoProgress .. i wonder what stinking country you're from .... i'm russian and i'm superior to you in every wayJune 19, 2011 at 9:28 pm |

    that post is not mine, and i dont think Alex is a russian, that is not russian style )). Probably it's guy with a mental ill or just a kid.

    June 20, 2011 at 2:33 am |
  11. lachman

    Any communist country whether past or present is a risky place to invest.

    June 21, 2011 at 4:09 am |
  12. Ola

    lankan soul come on my dear inaidn friends try to understand the reality u guys r not talented like srilankans ..india always wins a match with one man performance , with umpires help or with crowd support not as a cricketing team .no team spirit with you guys ..only anger and jealous.that's y u guys always have fights inside the team.. (0)

    November 3, 2012 at 2:49 pm |

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