Under the Harward bill.
Under the Harward bill.
All Russian prime ministers persuaded foreign investors to do payments
In our economy. Does it and Evgenie Primakov. But without the special
Persistence, refusing sometimes from the most favourable offers transatlantic
Partners.
Relations of the Russian government and foreign investors in the last
Time do not develop. Evgenie Primakov constantly is late with the
Offers on improvement of an investment climate, in addition frequently
They are simply unpersuasive. Its performances at visiting session Davos
Forum in Moscow hotel "п п я я п?п©п?п я " three weeks ago and on the past on
To last week the tenth session of the Advisory council on the foreign
To investments if could return somebody trust to a policy of the Russian
The authorities, only not to investors. The last to Russia do not hurry up. With
Reserved optimism Primakov was listened only by representatives of those firms and
The companies who has put up for a long time already money in real sector and to take away them in one
The moment it is simple cannot. But also they - Mars, Cadbury, Coca Cola, Procter and
Gamble - are not going to to increase manufacture, and many already declared about
Forthcoming reduction of the personnel in the CIS. Besides the Russian prime minister
Admonished foreign investors at home, that is, of course, good, as
Its words can be compared to a real state of affairs. But to play it is necessary and on
Foreign field. In this plan as it is impossible by the way convocation in the middle of January has had
1999 of the international investment forum in Harward where have invited
And Primakov.
For long academic career Evgenie Primakov has acquired weight of the useful
Communications, including abroad. They gained it time and again in an operating time in
SVR and the Ministry of Foreign Affairs. Becoming the prime minister, it quite could use acquaintances among
Foreign politicians, businessmen and financiers for attraction of investments
In the Russian economy. However, judging by strange history with its invitation
To Harward, Primakov does not hurry up it to do.
Two months ago the prime minister has received the letter from the old acquaintance on
To the academic world Grema Elisona, heading now the Center of a science and
The international relations of the Harward university. Elison has invited
Primakov to Boston on the international symposium devoted to problems
Foreign investments into Russia. Informal dialogue in Harward
Heads of the largest western banks, the investment companies,
Industrial and power corporations, and also the international financial
Structures with representatives of the Russian government, governors,
Businessmen and bankers will already pass in third time. Structure
Participants, especially western, frequently practically does not differ from visitors
Known Davos forum. But thus they solve exclusively
The Russian problems with some amendment on neighbours from the CIS countries.
Nevertheless to the Harward symposium till now did not carry on the Russian
High-ranking officials. In January, 1997 Victor Tchernomyrdin has preferred to Boston
Washington because of Bill Clinton inauguration. In the beginning of this year to Boston
Anatoly Chubays, then the first vice-premier should fly. But in
Tchernomyrdin has replaced last moment with its Jacob Urinson. Invited on
Symposium and Sergey Kirienko. The former prime minister has told at once, that will arrive, but
It was prevented by resignation.
Primakov has responded to letter Elisona, promised to help with the arrival organisation
The Russian delegation, but, most likely, without it. Disturbed Elison
Has asked to meet in Moscow Primakov of the known American
Businessman Stephen Law. To it the prime minister has told, that the offer to arrive in
Boston it is rather tempting, that he will try to arrive, but "Masljukova
Will precisely send ".
After a meeting with Law all has calmed down. Organizers of a symposium can
To confirm arrival to Harward Jury Luzhkov and of some other governors,
Boris Berezovsky, and here who will be from the Russian government, to these
Time not clearly. Albert Gor has become nervous even. He would like to meet with
The Russian ministers in informal conditions, but only in that case,
If on a symposium there arrives Evgenie Primakov.
Such symposiums, as a matter of fact, have thought up for convenience of job
Lobbyists. The various formalized structures like Advisory
Council about foreign investments into Russia, which last session
Has passed in Moscow on December, 14th, cannot solve all problems. At the head
The advisory council there is a prime minister, therefore foreign members of this
Structures (as a rule, it is the investors who have put up money directly in
Manufacture) get direct access to the head of the Russian government and
Can achieve the fastest removal of any barriers on a movement way
Capitals. But it in the theory. And it is real even in days of Tchernomyrdin, which
Named many heads of the known company "Ernst and Young" - it,
Actually, also has created this council - simply on names, it was possible to make not
So it is a lot of.
Several years ago was the VAT for foreign credits is excellent, has begun
Introduction of the international principles of accounting, etc. At last - and it,
Perhaps, the main achievement of the Advisory council - has been passed the law about
SRP. However, long time it remained actually not working because of that,
What to translate a deposit to a mode of section of production it was possible only
The separate federal law. To Primakov who is supported of the left
The majority of the Duma, it was possible to persuade members of parliament to liberalise the law about
SRP. Besides, in the end of the last week in the Duma has passed the second reading
The project, according to which in the tax and investment legislation
At last the changes following from the law about SRP will be made. Primakov
Attributes this victory personally to itself. But it is impossible to forget and that members
The advisory council prepared these changes more than three years. And present
The prime minister only has provided political cover at last stage.
Basically foreign investors, first of all the American
The petrocompanies, are happy with last amendments to the legislation on section
Production. If the Duma finishes business in a year-two it is possible to expect
Essential increase in inflow of foreign capitals in oil extracting. But
While foreigners estimate plans of the Russian government to involve in the country
In 1999 to $5 mlrd (it twice more than this year) as
"Too aggressive". After all, except motions with SRP, other real changes
In the Russian investment climate has not occurred.
Investors, despite August, 17th, continue to wait for good news. And
One of such news could be born in Harward. Where behind one
Table in informal conditions can be going to invited to a symposium
Russian prime minister Evgenie Primakov, the president of World bank James
Wolfensohn, the first assistant to the managing director of IMF Stenli Fisher and
The first deputy minister of the finance of the USA Lawrence Summers? If to them still
Vice-president Albert Gor it is possible to consider, that the Russian will join
The economic program for 1999 of IMF has already approved. And there, you look, and
Money will give.
Primakov's presence on an investment symposium in Harward would help
To solve and more one question. After Sergey Kirienko's resignation till now not
Job of the intergovernmental commission, which all on a habit is renewed
Continue to name the commission Mountain - Tchernomyrdin. Meanwhile only it
Can solve a number of the Russian-American problems. In particular, to Americans
It is necessary to curtail the Russian-Iranian nuclear cooperation, and to us - to remove
Trading barriers on a way of the Russian goods and a quota on start of the commercial
Space companions. Tchernomyrdin Primakov's high-grade replacement it is possible
To carry out in Harward. So the prime minister should go to Harward
Most.
KONSTANTIN SMIRNOV.
In January in Harward investors who were not disappointed yet in will be going to
Russia. Who will be from the Russian government, till now is not clear.
//* an information Source: the Businessman (weekly journal), 22.12.98
//* Reg. Nom. - 1081200238.26-------------------------------------------
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