Business In Russia|Doing Business in Russia

President Vladimir Putin told business leaders in Sochi on Friday that private investors, including foreigners, would have a major role in a 1 trillion USD program planned to modernize industry and infrastructure, the Moscow Times reports.

Acting First Deputy Prime Minister Sergei Ivanov said earlier at the same day that the country intends to invest 1 trillion USD in infrastructure over the next 10 years.S

peaking at the Sochi investment forum, Putin said his administration was working to encourage private investment. -We expect that private investors will play an increasingly noticeable and leading role in the large-scale modernization of the economy, he said, the Moscow Times reports.