18 Jun 2010 16:33

Russia to optimize visa regulations for foreign businessmen - Medvedev

ST. PETERSBURG. June 18 (Interfax) - Russia will improve its visa rules for foreigners, including businessmen, said Russian President Dmitry Medvedev.

"We are working to improve our visa rules. And I hope that many guests of today's forum will avail of the new opportunities very soon to do business and pursue careers in Russia," Medvedev said at the opening of the international economic forum in St. Petersburg on Friday.

"A modern economy cannot be built from orders at the top," he said.

"No matter how many state companies we have, modernization will primarily be carried by private businesses, provided there is competition," the Russian president said.

The government's role will be "to create a favorable business climate and an honest competitive environment for Russian and foreign businesses," he said.