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Net inflow of 1H06 foreign investment in Russia equal $11bln

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Net inflow of foreign investment in the Russian economy equaled $11 billion in the first half of 2006 and direct foreign investment totaled $14.1 billion, the economic development and trade minister said Monday.
MOSCOW, July 10 (RIA Novosti) - Net inflow of foreign investment in the Russian economy equaled $11 billion in the first half of 2006 and direct foreign investment totaled $14.1 billion, the economic development and trade minister said Monday.

German Gref spoke at a meeting of the Russian president with government members.

In turn, Finance Minister Alexei Kudrin said the government would borrow 305.9 billion rubles (about $11.3 billion) in 2007 on the domestic market.

Kudrin also said international financial institutions and foreign governments would grant Russia a loan facility of $763 million next year.

The finance minister said the government would issue guarantees worth 59 billion rubles (about $2.19 billion) on the domestic market for the construction of infrastructure facilities and housing, $1 billion guarantees for Russian exporters and export support credits, in particular, $757 million loans for nuclear power plant projects.

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