Foreign investments accrued in Russia exceed $220 bln

Foreign investments accrued in Russia exceed $220 bln

30.05.2008, 13.26

MOSCOW, May 30 (Itar-Tass) - The foreign investments accrued in Russia exceeded 220 billion dollars, Deputy Prime Minister Alexander Zhukov said at the conference devoted to the corporative management and the globalization of the world economy here on Friday.

He also noted that Russia is overcoming easily international financial and economic crises thanks to a good state of economy and the accrued gold/forex reserves.

“We are expecting further inflow of investors,” Zhukov said.

“It is also obvious that Russian companies will enter world stock markets, world capital markets and will invest actively their funds in other countries,” he said.

The deputy prime minister said, “It is necessary to pursue a strategic course for shaping the policy based on the advanced practice of corporative management.” “Our policy in this sphere has two tasks – to make the Russian corporative sector comprehensible, attractive and profitable for investors and to make it more stable to the fluctuations of the world business climate thanks to a higher transparency of our companies, the quality of managerial solutions and the responsibility of the board of directors,” Zhukov said.