MOSCOW (Sputnik), Anna Liatsou — The Russian Investment Agency sees a favorable climate for investment with international partners, despite current anti-Russia sanctions, President of the Russian Investment Agency Yury Spiridonov said in an interview with Sputnik.
“Since the launch of our Agency we become a full member of the World Association of Investment Promotion Agencies (WAIPA). This helps us to build direct working dialogues with similar agencies across the world and expand our networking. Investors understand that Russian assets are heavily undervalued and thus would like to use this opportunity to invest. Of course, this requires certain degree of courage and vision.” Spiridonov said.
“Since the launch of our Agency we become a full member of the World Association of Investment Promotion Agencies (WAIPA). This helps us to build direct working dialogues with similar agencies across the world and expand our networking. Investors understand that Russian assets are heavily undervalued and thus would like to use this opportunity to invest. Of course, this requires certain degree of courage and vision.” Spiridonov said.
In February Russia and Cyprus signed eleven documents on cooperation, including a memorandum between the Russian Investment Agency and CIPA (Cyprus’ Investment Promotion Agency).
Relations between the European Union and Russia deteriorated after Crimea's March 2014 reunification with Russia. Cyprus upheld the economic sanctions imposed by the US, the EU and other interested states against Russia.
In January Greek Prime Minister Alexis Tsipras stated that Greece and Cyprus must work together to develop improved cooperation between Europe and Russia. The Cyprus President Nicos Anastasiades echoed Greek Prime Minister’s remarks.
