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ArticleName Comparative analysis of key aspects of the investment policy in subsoil use in the Euroasian countries
DOI 10.17580/gzh.2017.03.01
ArticleAuthor Cherepovitsyn A. E., Vorobiev A. G., Larichkin F. D.

Saint-Petersburg State Mining, University, Saint-Petersburg, Russia:

A. E. Cherepovitsyn, Head of the Chair for Management and Control, Professor, Doctor of Economic Sciences


Ore & Metals Publishing House, Moscow, Russia:

A. G. Vorobiev, Editor-in-Chief, Professor, Doctor of Economic Sciences


Luzin Institute for Economic Studies, Kola Science Center, Russian Academy of Sciences, Apatity, Russia:

F. D. Larichkin, Chief Researcher, Department of Nature Management Economy in the European North, Professor, Doctor of Economic Sciences,


The purpose of this research is to identify the basic objectives of the investment policy in the Eurasian countries and to determine the advantages and blind sides of the governmental regulation of the investment policy. The authors discuss major aspects of the investment policy in the Eurasian countries in terms of Russia, Belorussia, Kyrgyzstan, Uzbekistan, China and Iran. The studies exhibit a global decline in the foreign direct investment. The leader of the international capital flows is China as one of the rapidly growing economies. Russia had faced the three times reduction in the direct foreign investment in 2014 as compared with 2013. The article describes general trends of the investment policy in the area of subsoil use in Russia. The mineral raw materials sector is the primary sector in the Russian economy, activization of potential investors in mineral mining and processing is associated with the efficient governmental policy aimed at attraction of foreign investments. The major problems in the attraction of investment to subsoil use in Russia are, first of all, administrative barriers and weak market of geological information. The revealed factors that aff ect the investment attractiveness of the countries in the area of subsoil use are, among other things, geographical, administrative, economical and technological factors. Based on the analysis of the performance of agencies for attraction of investment in the above-listed counties, the key areas are indentified for national branches that promote attraction of foreign investors. The governmental supportive measures, including investment policy, aimed at efficient mineral mining and utilization are determined.

keywords Investment policy, subsoil use, capital investment, mineral raw materials sector, governmental regulation

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