China gas deal could add a few tenths of a percent to Russian GDP from 2015 - Ulyukayev

"I think this will be a few tenths of a percent each year", Russian Economic Development Minister Alexei Ulyukayev told reporters in Baku.

"We don't know the schedule of investment, so I can't say when the effect [of the contract] will be in 2014. Maybe there'll be some as early as this year. Starting in 2015, for the next five years, there'll be a clear macroeconomic effect and we'll probably take this into account when we draft our new forecast, probably in September. I think this will be a few tenths of a percent each year. Clearly this is a significant amount, which should be taken into consideration in the forecast," Russian Economic Development Minister Alexei Ulyukayev told reporters in Baku.

 

Read more: Two thirds of Russian investors are ready to invest in BRICS markets

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