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Old Saint Basil's Cathedral in MoscowJohnson's Russia List title and scenes of Saint Petersburg
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#36 - JRL 2007-194 - JRL Home
90% Of Foreign Investors Ready To Expand Businesses In Russia - Ernst & Young

MOSCOW. Sept 11 (Interfax) - Around 90% of foreign investors are ready to expand their businesses in Russia, Ernst & Young partner Vartan Dilanian said at an investment forum on Tuesday in Moscow.

"We meet with investors who are ready to take on risks related to their activity in Russia and 90% of them area ready to expand their businesses," Dilanian said.

The risk of evading working in Russia is even higher than the risks related to working in Russia, he said.

"At Ernst & Young, we act as advisors regarding investment in Russia and we see that international investors are ready to adapt to Russia's risks." Investors are flexible when investing in Russia and they are capable of finding a compromise between flexibility and profitability, he said.