The decline in the investment volume in Russia in 2015 will amount to 10%. The fall is projected at 1.5% for the next year, Russia’s Economic Development Minister Alexey Ulyukayev said Monday in an interview with Rossiya 24 channel.
"This year we have an investment decline of about 10%, and next year we expect it at around 1.5%. All our investment volume totals 13.5 trillion rubles ($217.32 bln). 1 trillion would amount to about 7-8%. Now you can calculate the short step from the investment slowdown to investment recovery," the Minister said.
At the same time Ulyukayev noted that the recent investments were made in the "real economy", which is a positive trend.
"Defined Contribution Pension System is a major provider of demand for corporate bonds that mainly go to the balance sheets of private pension funds. In fact, it works as a source of long-term money. There are not a lot of OFZ-bonds in their balance sheets now - less than 10%. This is an effective and proper way," the Minister said.
First published by TASS.
All rights reserved by Rossiyskaya Gazeta.
to our newsletter!
Get the week's best stories straight to your inbox