MOSCOW, February 7 (RIA Novosti) - Russia may reach fifth to seventh place in the world in terms of volume of direct foreign investments, a source in the Finance Ministry said Tuesday.
"In 2004, Russia was twelfth in the volume of direct foreign investments," the source said. "In 2005, this country held the 10th-12th place."
He said direct foreign investments had stood at $16.7 billion in 2005, up 41% year-on-year.
The source said direct investments were expected to grow by 40% to reach $24 billion in 2006, raising Russia to seventh-tenth place in the world.
According to the source, in 2005 both foreign and domestic investments in Russia's main funds amounted to $121 billion, including $17 billion in manufacturing, $30 billion in transportation and communications, and $3.8 billion in agriculture.
