30 Mar 2011 16:28

Foreign investors wary of Russia - Medvedev

MAGNITOGORSK. March 30 (Interfax) - Russian President Dmitry Medvedev has said that Russia is experiencing a shortage of foreign and domestic investors.

"We need the confidence and interest of both domestic and foreign investors. What are we seeing today? Unfortunately, we are seeing a deficit of that confidence," Medvedev said at a modernization committee meeting in Magnitogorsk.

The investment climate in the country "is very poor," the president said.