Russia: Russia improves 11 places in World Bank's 'Doing Business' rankings

Russia has climbed up 11 positions in the World Bank's 'Doing Business' rankings, putting them in 40th place this year, Russian President Vladimir Putin announced at a joint meeting of the Presidium and the Advisory Commission of the State Council in Yaroslavl, Crimea region on Saturday.
Putin commented on the rating, explaining that "positive changes in the investment climate were also noted by business people and experts, including our foreign colleagues. So, in the World Bank's Doing Business Russia got 40th place this year, up another 11 positions. Overall this is a very worthy place."
The President also underlined that "the difference between the best and the lagging regions in the quality of the business environment is declining."
Speaking about regions that were doing even better, he emphasised the "need to actively disseminate and replicate these successful practices."