Source Pravda.Ru

PM comments on level of investments in Russian economy

The low level of investments in the Russian economy is the major factor hampering the economic growth of the country, Russian Prime Minister Mikhail Kasyanov stated. He pointed out at the opening of a meeting of the Entrepreneurship Council under the Russian government that the participants of the meeting would discuss main problems impeding business activity in Russia.

According to Kasyanov, the level of investments is lower this year than in 2001. The investment growth was 2.5 percent in the first nine months of 2002. The financial sector of the economy does not provide an inflow of capital from the raw material industry so far, the Prime Minister pointed out. According to him, over a half of the GDP growth will be in raw material industries this year.

Thus, the weak development of the financial sector is "a bottleneck"; in connection with this, it is necessary to take a number of measures, Kasyanov stated. At the same time, he pointed out that in the near future, it is planned to discuss the problems of the stock market at one of the government's meeting. According to Kasyanov, due to this, he would like to discuss with businessmen the "sore" spots in this field at today's meeting.

When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked

US sanctions to kill Russian banks and sovereign debt?

The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America

Turkey desperately tries to rescue its national currency as it falls to all-time lows
Comments
US sanctions to kill Russian banks and sovereign debt?
Russia to build major naval base on the coast of Caspian Sea
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
Russia to build major naval base on the coast of Caspian Sea
US sanctions to kill Russian banks and sovereign debt?
Turkey desperately tries to rescue its national currency as it falls to all-time lows
World War Three may break out because of USA's agony
World War Three may break out because of USA's agony
Ukraine dreams of what it can do to Crimea after winning war with Russia
Turkey and USA take their relationship to breaking point
Russia starts Star Wars first. USA concerned and puzzled
Russia to build major naval base on the coast of Caspian Sea
US sanctions to kill Russian banks and sovereign debt?
US sanctions to kill Russian banks and sovereign debt?
The end of the theory of a Nobel Prize in chemistry?
US sanctions to kill Russian banks and sovereign debt?
Russia starts Star Wars first. USA concerned and puzzled