Investment climate in Russia is now favorable but sanctions pose the main risk for development of this climate’s potential, General Director of the Association of European Businesses (AEB) Frank Schauff said.
"Yesterday we just published our annual study. And we have a scale from zero to 200 to measure the moods of European businesses. Last year we had 141 points out of 200 which was pretty good and close already to the pre-crisis result. This year it was 138 points which is not so much different. But anyway, the tendency is a different one, because it started growing again," he said speaking about the attitude of Western businessmen towards current investment climate in Russia.
"The situation became better last year. The trade between Russia and European Union has grown significantly," he added.
However, the recent sanctions that were imposed in April made the situation more acute, he noted.Source: www.tass.com
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