EBRD PRESIDENT SEES IMPROVEMENT OF RUSSIA'S INVESTMENT CLIMATE

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STRASBOURG, June 24 (RIA Novosti) - President of the European Bank for Reconstruction and Development (EBRD) Jean Lemierre sees significant improvement of Russia's investment climate in the recent years.

According to him, the improvement of the macroeconomic situation in Russia is accompanied by a clear economic policy and high oil prices.

However, Russian economy has a serious drawback, strong dependence on oil and gas, Jean Lemierre told RIA Novosti.

In his words, the diversification of the Russian economy can help solve this problem.

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