Russia now has a breakthrough results-oriented government that will really improve the growth of its economy, said Kirill Dmitriev, CEO of the Russian Direct Investment Fund.

He made the statement when attending the 50th World Economic Forum (WEF) annual meeting taking place from January 21 through 24 in Davos, Switzerland.

Breakthrough results-oriented government 

"We need to have growth of more than three percent, not two percent we currently have. It's a government that is chaired by Prime Minister Mishustin who has had great successes in his previous work as minister of tax authority," said Dmitriev. "And he really brought lots of innovation and technology… But the key goal is to have lots of very results oriented-people who will drive the growth and investment in the Russian economy."

Russian President Vladimir Putin last week signed a decree appointing Mikhail Mishustin as new Prime Minister following the resignation of Medvedev and Russian government.

"We have our national project agenda, which is lots of projects and infrastructure and health care and others. The government is spending quite a bit of money, but we want to make sure that this money is spent efficiently... We are talking about the massive investment program that needs to be efficient."

"And now as a new government, we will really drive efficiency forward. Because frankly, the difference between people who are results-oriented and get results, and people who just talk, we want to have lots of results-oriented people in the government," added him. 

Working with China

The CEO also stressed their efforts in building great global partnerships, with China being one of the key partners.

"We have a great partnership with Alibaba. So we are jointly building Alibaba business in Russia and will announce soon additional payment system joint venture with Alibaba and some of our partners. So the total investment is hundreds of millions of dollars just from our site. But the whole business of Alibaba is quite significant in Russia and Russian side, us and our partners we have control, but we need to do much more," he said. 

Dmitriev also expressed the desire to have more of Chinese banks participating in the Russian economy. "We believe that China can do much more in infrastructure, and we want to have much more Chinese investment," said the CEO.

"So our joint Russia-China fund facilitated 7.5 billion U.S. dollars of joint investments, but we believe that this number can triple and quadruple. And for that, Chinese business people need to pay more attention to the Russian market needs to see the 55 percent growth in our market and need to understand that now with the new government, Russian growth agenda is going to be significant and success."

When asked about the uncertainties brought by the change of government, Dmitriev hailed it as a great move in that people want to have a government that's more focused on their needs and Putin has really implemented this change in a very quick, very successful way. 

He held that the world is a bit unstable, given the difficulties facing Europe and a trade war between U.S. and China. "Russia, we believe, is a stable, predictable place with lots of potential."