The Russian government currently discusses distribution of Russia's funds for the next three years. According to the draft budget for 2018-2020, the main financial document should support the industrial growth that the Russian economy has seen recently. Exports of domestic products and transport are expected to receive an impressive support from the state. Why transport? Are investors ready to invest in the development of the Russian industry? Pravda.Ru conducted an interview on the subject with Anatoly Aksakov, chairman of the State Duma Committee for the Financial Market.
CONGLOMERATES sometimes sell their least promising units, thereby ginning up returns for the remaining empire. But groups saddled with huge debts do not have that luxury; only by disposing of the most profitable parts can they raise enough funds to satisfy creditors. Such is the story of the Essar Group, which is in the final stages of selling its crown jewel, India’s second-biggest private oil refinery, to a consortium led by Rosneft, a Russian oil titan. The slimming of what was once the country’s third-largest diversified corporate group is a welcome signal that an era of powerful industrialists running rings round their creditors is ending.