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    Share of Foreign Investment in Russian Far East Amounts Up to 18%

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    Russian Far East Development Minister Alexander Galushka said that the share of foreign companies investment in the Russian Far East projects is 17-18 percent of the total amount of investments.

    MOSCOW (Sputnik) – The share of foreign companies investment in the Russian Far East projects is 17-18 percent of the total amount of investments, Russian Far East Development Minister Alexander Galushka said on the sidelines of the International Economic Forum in Russia’s St. Petersburg (SPIEF).

    "Presently, it [the share of foreign investment] totals some 17-18 percent. Respectively, Russian private companies’ investment presently accounts for over 80 percent," Galushka told Russian NTV broadcaster on Thursday.

    In mid-March, the Far East Development Ministry reported that over the past two years the region had received investments totaling $25 million.

    SPIEF, which kicked off its 3-day run earlier in the day, is the key global platform for communication between business representatives and discussion of crucial economic issues that the world faces. Sputnik News Agency is the official media partner of the forum.

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    investment, St. Petersburg International Economic Forum (SPIEF) 2017, Russian Far East, Russia
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