Direct foreign investment in the Russian economy fell significantly in 2010, Finance Minister Alexei Kudrin said on Friday.
“Direct foreign investment was one and a half times lower,” Kudrin said. “Preliminary figures indicate it was approximately 12 to 14 billion dollars.”
“This is not much. In the best years it reached $27 billion,” he noted.
He did not give more precise figures.
Kudrin also said that Russia needed to achieve an annual GDP growth of 6-7%.
“We will see in the coming years a stable growth of around 4% and above. However for Russia this - the level of a mid-ranking economy - is insufficient,” he said.
“We need a significantly higher growth rate of 6-7%.”
MOSCOW, February 18 (RIA Novosti)
