The volume of accumulated foreign capital in the economy of Russia amounted to $43bn at the end of March 2003, which was 25 percent higher than in the corresponding period of last year, the Russian State Statistics Committee reported. The share of credits of international financial organizations, trade credits and other credits was 51.8 percent (46.2 percent at the end of 2002). The share of direct investments was 45.5 percent (49.9 percent).
In the first quarter of 2003, some $6.3bn in foreign investments were attracted in the Russian economy, which was 1.7 times higher than in the first quarter of 2002, including $1.034bn in direct investments.
Some $1.727bn were invested in Russia's manufacturing industry. The amount of accumulated investments in the manufacturing industry was $15.528bn at the end of March. Some $459m were invested in telecommunications in the first quarter of 2003.
The main investors were Germany, the USA, Cyprus, Great Britain, France, the Netherlands and Italy in the reported period. Their share in the structure of accumulated foreign investments was 77.1 percent.
The discovery of the submarine has unveiled a few "inconsistencies." For example, how can one explain the fact that the sub was found where it needed to be searched for from the start?
When on a state visit to Singapore, Russian President Vladimir Putin promised to revisit the discussion of the 1956 Declaration between the USSR and Japan regarding the issue of the peace treaty with Japan
The TurkStream, which runs along the bottom of the Black Sea from Russia's Anapa to Turkey, will consist of two lines, each with a capacity of 15.75 billion cubic meters of gas a year