Mishustin: Russia’s economy stays open for foreign partners

Mishustin: Russia’s economy stays open for foreign partners

Russia continues to develop investment and technological partnership with other countries, with its economy staying open for foreign partners, Russian Prime Minister Mikhail Mishustin said on Sunday.

"It is especially important in new conditions to develop the Russian industry in close cooperation with foreign countries, our partners. I would like to stress, in the format of mutually beneficial cooperation, of course," he said at a meeting with Russian and foreign businessmen during his working trip to the Urals Federal District.

Russia’s economy "stays open for European colleagues," he stressed. "And we continue to develop mechanisms of investment and technological partnership."

According to the Russian prime minister, a number of such instruments have already been developed. As an example, he cited the SPIC (Special Investment Contract) 2.0 mechanism "envisaging the use of the most promising on the global market technologies," he noted. The list of more than 600 technologies is being expanded. "We will continue to develop our competences jointly with foreign partners in all such areas," he pledged.

The Innoprom industrial exhibition has become an authoritative international platform, a venue for contacts between big manufacturers, Mishustin said.

The Innoprom industrial exhibition is Russia’s major industrial, trade and export platform. It is held annually at the Yekaterinburg Expo international exhibition center, which has four pavilions with an overall area of 50,000 square meters and a congress center of 41,600 square meters. The exhibition will be held from July 5 through 8.

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