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. Last Updated: 07/27/2016

Medvedev Urges Competitiveness

government.ruPrime Minister Dmitry Medvedev meeting with the Cabinet to discuss the state of competition in Russia.

Fostering business competition remains a strategic task for the government, Prime Minister Dmitry Medvedev said at a government session Thursday.

"The creation of conditions for Russia to have honest competition, for us to see things happen as they do in the rest of the world, for there to be opposition to monopolies, remains a strategic task for the government," he said.

In terms of business development, Russia is currently 120th out of 183 countries. "Let's be frank. The situation is not brilliant, and we are faced with very complicated, even ambitious, tasks: to move up to at least 40th place in the world, with the prospect of entering into the top 20 by no later than 2020," Medvedev said.

Medvedev has ordered proposals for changes to the country's competition-development program.

The Federal Anti-Monopoly Service recently issued a report on the state of competition in Russia.

Noting that this report was of fundamental importance, Medvedev said proposals should be based on it.