Russia will develop the economy on its own, while remaining open to investment - Siluanov

Russia intends to continue to create favorable conditions for the development of the economy at the expense of its own resources, while the country remains open to foreign investors, Russian Finance Minister Anton Siluanov said in an interview with TV channel Rossiya-24 on Saturday.

"We are creating an economy based on our own strength," he said. "Of course, we are open to foreign investment, but if this is the case, then we don’t have any other way, and we will create more favorable conditions than before,|" said he.

Among the measures that are already being taken to improve the economy, the minister called the liberalization of currency regulation, the abolition of outdated regulations that hinder the work of business and new preferential regimes for the self-employed.