The relationship between business and the...

The new regulations of the Customs Union of Russia, Belarus and Kazakhstan have created long lines of vehicles carrying telecom equipment worth 100 million rubles ($3.3 million) at checkpoints. Why?

Customs is part of the infrastructure, which should include good roads, affordable housing and high technology, in particular telecommunications. When a country has an adequate infrastructure, investors are willing to invest in its economy. This is a crucial factor as Russia is unlikely to modernize its economy without investment, including foreign capital.

However, the bulk of Russia"s infrastructure was created before 1991, which is why Russia is now ranked 86th on the list of 130 countries surveyed in this respect, according to German Gref, head of Russia"s largest state lender Sberbank and former Economics Minister.

In short, the government should focus on investment in infrastructure projects. It has already drafted and approved various national projects and federal

Pages: [1] 2 3 4