Russian Minister of Economic Development Maxim Oreshkin made this announcement during a meeting with Bavarian Prime Minister Horst Seehofer and German business representatives, the Finmarket Information Agency reports.

Oreshkin said foreign companies need to be more active in attracting Russian business to their production chains.

Oreshkin noted many German companies have production facilities in Russia.

“I suggest our German companies become more active in attracting Russian companies to their production chains”, the minister said.

“We clearly understand that achieving economic growth is impossible without a steady flow of high-quality foreign investment. That’s why it’s essential to create comfortable conditions for the companies that come to our market”, Oreshkin added.