Source Pravda.Ru

Audit Chamber reports decrease in foreign investments

The amount of direct foreign investments in Russia fell by 9% in 2001 to $3.98bn, the Information and PR Department of the Audit Chamber of Russia reported. $4.43bn were invested in the Russian economy in 2000. The sum of Russian investments abroad substantially exceeded the amount of foreign investments in Russia. For example, the amount of Russian investments abroad reached $10bn over the first six months of 2002.

As a result of a check of the efficiency and correctness of the use of grants and foreign investments, the Audit Chamber found out that foreign investors were granted tax and customs duty exempts totaling $5.1bn in 2000-2001. Additionally, ministries and agencies did not fully fulfil their duties dealing with supervision of the allocation of funds received in the form of non-commercial technical assistance for the approved purposes.

Comments
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
US-Russian confrontation: War is peace, freedom is slavery
The Sham called Democracy
Benjamin Netanyahu’s nightmare comes true as Putin crushes his plans
Benjamin Netanyahu’s nightmare comes true as Putin crushes his plans
Benjamin Netanyahu’s nightmare comes true as Putin crushes his plans
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
Aretha Franklin: A colossus, a woman, a lady, a light and a soul
Russian government prepares to get rid of US dollar in economy
Turkey desperately tries to rescue its national currency as it falls to all-time lows
Ukraine dreams of what it can do to Crimea after winning war with Russia
Ukraine dreams of what it can do to Crimea after winning war with Russia
Details of Putin-Merkel surprise meeting unveiled
China turns two powerful US and UK destroyers into worthless buckets
Ukraine and PMC Blackwater to poison Donbass with radioactive waste
The insane idea in Germany: "pedophilia normal love"
The insane idea in Germany: "pedophilia normal love"
Russia to build major naval base on the coast of Caspian Sea
Russia to build major naval base on the coast of Caspian Sea