U.S. investment giant Goldman Sachs to advise the Russian government on improving the business image of the country abroad and attract institutional investors.Investment Bank has signed an agreement with the Ministry of Economic Development and private equity funds. According to director of the investment banking department at Goldman Sachs in Moscow, Sergei Arsenyev, in accordance with this agreement, which is for three years, the bank will advise the Russian government and arrange meetings with investors.
Last year, Russian President Vladimir Putin instructed the government to achieve increase in 2018 Russia 20 th place in the
World Bank's business environment.
In October, Russia's rating has risen only to 112 th position. In December, the organization Transparency International said that while Russia was ahead of developing countries such as India and Brazil, the level of corruption in the country still remains one of the highest among major economies.
Deputy Minister of Economic Development of Russia, Sergei Belyakov last week said that many Russian entrepreneurs simply do not know how to communicate with investors.
This year, Russia, the world's largest energoeksporterom, plans to set a record for the sale of assets of 10 billion dollars. This was announced in January, the first deputy chairman of the Russian Government Igor Shuvalov. According to him, although corruption remains a major problem, it is less severe for those investors who are already working with Russia.
Goldman Sachs - one of 23 foreign and domestic banks, advising the Russian government on the privatization program, which is to bring about 1 trillion rubles ($ 33 billion). Last year, with his participation, it was decided to sell the shares "Savings" of $ 5.2 billion.
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