| May 2008 |
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Accumulated foreign investment in Russia has exceeded $220 billion, a Russian deputy prime minister said at an international economic conference in Moscow on Friday. 
Russia's foreign minister said a UN Security Council meeting to be held on Friday on a dispute over a downed Georgian spy plane will be futile without the participation of the breakaway republic of Abkhazia. 
Former World Bank chief James Wolfensohn said on Friday that by 2050 Russia will be only the world's ninth largest economy, despite the leadership's goal of bringing the country into the top five in 12 years. 
The Russian Navy commander said on Friday the Black Sea Fleet could increase the number of warships at its base in Sevastopol, in Ukraine's Crimea, to 100. 
Venezuela will put two new Russian Su-30 fighter planes on combat duty on Friday, bringing the total number to 22, news agency ABN cited the president as saying. 



