OREANDA-NEWS. International Paper took a part in a 27th session of the Foreign Investment Advisory Council in Russia (FIAC), a key state-private entity that works to improve the investment climate in Russia for both foreign and domestic companies.

John Faraci, Chairman and CEO of International Paper, commented: "We continue to have a very positive long-term view on Russia, and it represents an extremely important growth market for us. As for areas where we would like the Russian Government to focus its attention, I would highlight infrastructure. In our industry it is also an issue of forest roads. Though Russian forests belong to the state, the burden of forest roads construction is mostly on forest leaseholders. We believe that the government can make investors more willing to co-finance via transparent set of incentives and consistent industrial policies".

During the meeting there were discussed questions re development of public-private partnership in Russia, modernization of infrastructure and economic sector.

The Foreign Investment Advisory Council (FIAC) at the Russian Government works to create and develop attractive investment climate, using international experience, as well as experience of global companies in Russia. FIAC is chaired by Russian Prime-Minister Dmitry Medvedev, while FIAC's Executive Committee is chaired by the Minister of economic development A.Belousov.