December 28, 2010 / 4:48 PM / 8 years ago

Russia to ease foreign investments in 2011-Putin

NOVO-OGARYOVO, Russia, Dec 28 (Reuters) - Russia plans to amend laws concerning strategic sectors to ease access for foreign investments next year, Prime Minister Vladimir Putin said on Tuesday.

“In 2011 a row of amendments to the law on foreign investments into strategic sectors will be made,” Putin told journalists, adding that in 2010 foreign direct investment totalled $40 billion.

He also said PepsiCo PEP.N has pledged to invest around $1 billion in Russian juice and dairy company Wimm-Bill-Dann WBD.N which it is buying for $3.8 billion.

Reporting by Gleb Bryanski; Writing by Andrey Ostroukh; Editing by Toni Vorobyova

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