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Friday, February 11, 2005

Capital inflow reported in Russia

RBC, 11.02.2005, Moscow 17:20:31.An inflow of capital to Russia was reported in the fourth quarter of 2004, deputy Prime Minister Alexander Zhukov told journalists. Answering the question whether capital flight from Russia that took place in 2004 was foreign investments of Russian companies, Zhukov said this question "needs to be analyzed." According to the deputy PM, investments in Russia grew in 2004. As far as Russian companies' foreign investments are concerned, Zhukov declared, "This is a positive issue." "Obviously, when Russian companies participate in large investment projects abroad, this strengthens Russia's image," he noticed.

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