Alfa’s Aven Sees Russian Investment Climate Worsening, FT Says

Petr Aven, a founding owner of Alfa Bank, said the investment climate in Russia is deteriorating, the Financial Times reported, citing an interview with Aven.

“Economically, we are returning to Soviet times again,” Aven said, the newspaper reported. “There are so many emerging economies where people believe there is huge potential for growth, and the problem is Russia is not regarded as one of them.”

To contact the reporter on this story: Jack Jordan in London at jjordan22@bloomberg.net.

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net.

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