Russia Remains Open to Foreign Investment Amid Privatization Process

Russia will remain open to foreign investors, the Kremlin spokesman Dmitry Peskov said Tuesday.

MOSCOW (Sputnik) — Russia will remain open to foreign investors and they will not be denied the right to participate in the upcoming privatization process, Kremlin spokesman Dmitry Peskov said Tuesday.

"Russia has always been and still remains an open country for foreign investment. Russia is interested in acquiring new foreign partners," Peskov told reporters.

On Monday, Russian President Vladimir Putin stated that the new owners of assets set to be privatized in Russia must be under Russian jurisdiction, and that the transfer of assets to offshore is unacceptable.

Commenting on the statement, Peskov said that the Russian leader was referring to local investors.

"Russia has always been interested in foreign investments, we appreciate our cooperation with those who continue to work on the Russian market, and we are interested in new investments, of course," he underscored.