President of Russia on sale of farm land to foreigners

Vladimir Putin declared that there is no economic need to sell farm land to foreigners, reports a RIA Novosti correspondent. Speaking at the 4th congress of the Chamber of Commerce and Industry on Wednesday, President Putin noted that "it does not look as if there were too many people who want to buy land in Russia." The president said that "he shares and understands the concern of those who urge not to be in too much of a hurry as far as the sale of farm land to foreigners goes." "Discussions have shown that settling the question of the sale of agricultural land to foreigners requires a well-balanced and very cautious approach," stressed the president. He noted at the same time that that issue could be taken up again as the land market and the necessary infra-structure develop.

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