Full 'This Week' Interview Transcript: Russian President Vladimir Putin

PUTIN: Everything has been done. Things need to be cleaned up. The hotel operations need to be fine-tuned, construction equipment needs to be removed, along with construction debris, in other words, the same kind of preparation needs to be done as a host would do before welcoming guests so that everything will look nice and match the spirit of the event. All the facilities are ready. As you know, we have held many pilot competitions using those facilities, including World Cup stages, and other major international meets. Athletes, visitors, experts have been pleased on the whole and commented on a high degree of readiness even a year ago. By now all the facilities have been completed.

Untranslated question from Chinese Reporter

PUTIN: First of all, I would like to ask you to convey my very best wishes to all of my friends in China, both through social media and through other mass media. I know that I have a lot of friends in China. It is no accident because we [Russia] and China have a special relationship and I have special feelings for China. China is a great country with a great culture, populated by fascinating, industrious and talented people. Please convey my vast gratitude to them for their attitude. The feeling is mutual. Now, concerning investors. Investors, we would welcome investors from any nation, including from China, and China does have a vast investment potential. China of course holds the world's largest gold and FX reserves. China has created very good investment tools, including an entire network of very large funds. The Russian Private Investment Fund works with some of those funds, with China's largest investment funds. They already have joint projects. As a rule, foreign investors have a fairly hard time to identify the most effective areas for using their capital; effective and, at the same time, reliably protected. They often do so in cooperation with relevant national entities. Just such an entity, I've just mentioned it, the Russian Private Investment Fund, it works with Chinese partners. It is free to work in any region of the Russian Federation and in any industry. If Chinese partners were to show an interest in a tourist cluster in Russia's south or, say, an agricultural cluster; and, here, in the Krasnodar Territory, in the Stavropol Territory, which are adjacent to this region, in the Rostov Region, they are our breadbaskets as we refer to them. These are regions that emphasize and focus on developing agricultural production. They boast an excellent climate. In some of those areas, such as the Rostov Region that is adjacent to the Krasnodar Territory, it has an established machine-building industry, an aviation cluster is evolving. We and our Chinese friends have promising, joint, very interesting plans in many of those avenues. That is why we don't only invite them to Sochi and to the Krasnodar Territory, but we invite them to work across the entire south of the Russian Federation.

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