At a meeting with global energy giants, Prime Minister Putin extended an invitation to help develop one of the world’s richest hydrocarbon regions on Russia’s Yamal peninsula, adding tax breaks to the enticement.
The Government is looking for funds to kick start the economic revival, with a scarcity of longer term funding options, likely to slow any pull out of recession. That has key players looking at pension funds.
The slump in Moscow's housing market may be near a bottom, after big falls since the market peaked last September. With construction at a standstill, there's already talk of future shortages driving up prices.
The Russian stock markets dropped on Monday, after regaining the level of September 2008. They have made Russia the third best performing market this year, with Russian blue chips once again in demand.
With Prime Minister Putin and business leaders meeting at the Sochi International Investment Forum, Business RT spoke with Joerg Bongartz, Chairman of Deutsche Bank Russia, about the Russian economy and finance system.