Russian Min Says May Ease Foreign Access To Resources - Report
July 24 2009 - 6:19AM
Dow Jones News
Russia may review legislation restricting foreign access to its
natural resources, as economic conditions have changed since the
current laws were approved, the Interfax news agency reported
Friday citing Natural Resources and Ecology Minister Yury
Trutnev.
"I think that today there is reason to think more about the
investment appeal of Russian subsurface resources for foreigners,"
Trutnev said at a press conference in Moscow.
He stressed the current legislation regulating foreign
companies' participation in geological exploration and use of
Russia's mineral resources was approved under different economic
conditions.
"There are doubts that this legislation is acceptable now,"
Trutnev said.
Agency Web site: www.interfax.ru