Russia open to foreign investment in energy

By IANS/RIA Novosti,

Moscow : Russia remains open to foreign investment in the energy sector, President Vladimir Putin has said.

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“We will continue to pursue a policy of openness to foreign investment in energy, a strategic sector for Russia,” the president said at a meeting with the heads of major energy companies in St. Petersburg city Thursday.

Creating the most transparent possible market and a good investment climate is “crucial”, he said.

But in return for attracting foreign companies into its energy sector, Putin said, Russia hoped to receive the same terms for its companies in energy projects abroad.