14 December 2017

FDI IN THE FAR EAST AT RUB 3.5 TRN IN JANUARY–SEPTEMBER 2017

The Far East accounts for 26% of the total FDI in Russia in January–September 2017, Minister for the Development of the Russian Far East Alexander Galushka said in an interview with RIA Novosti.

Galushka called for removing risks for the creation of mining farms in the Far East.

According to him, combined investments in the Far East have exceeded RUB 3.5 trillion – more than 900 investment projects.

“These are the statistics for the first nine months. The Far East accounts for 26% of combined FDI in Russia, which is quite comforting. The Central Federal District is the only one with more FDI, mostly due to Moscow. If we do not take Moscow into account, the Far East is in the lead. Moreover, the far East is the absolute leader in terms of FDI per capita”, the Minister said.

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