Saturday, February 17, 2007

Russian investments offensive: 400 billion dollars before 2015

Russia will invest some 400 billion dollars in 304 projects until 2015, said Alexander Khloponin, governor of the Krasnoyarsk province, as quoted by Kommersant. The investments will be made on Russian soil only, but experts say this is only the first step of the “financial offensive” Moscow is about to launch.

The investments are designed to increase the productivity in Russia, with a major impact on the economic expansion worldwide, international analysts say.

59 projects are targeted towards the Eastern Russia, namely Siberia. “The industrialization will bear an emphasis in the Eastern Russia, the future of Siberia and of the entire Eastern region being closely tied to Russia’s economic development”, the governor said.

The oil and gas field cover some 200 billion out of the expected expenses.

Feb 16, 2007


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