Tags: APFN | EU | Russia | Putin

Putin Courts Russian Business, Keeps Mum on Jailed US Exec

Putin Courts Russian Business, Keeps Mum on Jailed US Exec

Thursday, 14 March 2019 12:38 PM

MOSCOW (AP) — Russian President Vladimir Putin has promised that the government will do more to encourage investments and reduce business risks.

Putin's speech Thursday at a meeting of the Russian Union of Industrialists and Entrepreneurs comes weeks after the arrest of U.S. investment fund manager Michael Calvey, which has rattled the country's business community and spooked international investors.

Calvey, a veteran investor who co-founded private equity firm Baring Vostok in 1994, was detained last month along with five others in Moscow on charges of embezzlement. He has denied wrongdoing.

Putin spoke Thursday about the need to protect investors and reduce their risks, but he didn't refer to Calvey's case.

The president also urged Russian business executives to join the nation's top infrastructure projects and invest more in green technologies.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Russian President Vladimir Putin has promised that the government will do more to encourage investments and reduce business risks.Putin's speech Thursday at a meeting of the Russian Union of Industrialists and Entrepreneurs comes weeks after the arrest of U.S. investment...
APFN,EU,Russia,Putin
129
2019-38-14
Thursday, 14 March 2019 12:38 PM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved