The Russian government heeds the advice of foreign investors. The Russian Prime Minister Michail Fradkov declared this after the sitting of the Foreign Investment Advisory Council .
      
       The very existence of the Advisory Council for 10 years proves it. “The potential of the council is not played out yet,” – emphasized Mr. Fradkov. He noted that the government would go on supporting the council both for achieving positive results in development of Russian economy and creating favorable conditions for foreign investors in Russia.
      
       Mr. Fradkov supposed that it would be great to make the Advisory Council “an efficient transponder of positive tendencies of Russian economy around the world”. The head of European Bank for Reconstruction and Development (EBRD) Jan Lemier agreed to Mr. Fradkov. “We’ve got an impression that Russian government defers to our opinion”, - explained Mr. Lemier.
      
       EBRD supports reforms implemented by the Russian government, stated the head of EBRD Jan Lemier. He pointed that the bank pays special attention to the long-term character of the reforms. Besides, the head of EBRD stressed that at present the oil and gas sector are mainly developing. However the number of joint projects with participation of foreign investments is also growing in the agricultural, banking and car sectors both in Moscow and in regions, mentioned Mr. Lemier. He also pointed that special attention should be paid to development of transport infrastructure, in particular to ports and roads with participation of private assets.
      
       The head of EBRD emphasized the increment of foreign investments and the growing attractiveness of Russian Federation for foreign investors. The head of the Advisory Council and the director of Ernst&Young James Terley noted that there is a chance to double the already existing positive results of foreign investors’ contacts with Russia during next 5 years.