Putin: the volume of international reserves of Russia reached $407 billion due to low debt
According to the head of the state, inflow of foreign investments into Russia for last year has increased five times — from $6.8 billion to $33 billion.
SAINT PETERSBURG, June 2. /TASS/. The volume of international reserves of Russia reached $407 billion due to low public debt. This was stated by the President of Russia Vladimir Putin at a meeting with heads of major foreign companies and business associations on the sidelines of the St Petersburg international economic forum.
At the beginning of the year was $370 billion in foreign reserves, now $407 billion in foreign reserves and this in spite of the low external debt, somewhere around 12-13%.Mr Putinprime Russia
According to the President, the current account of Russia is quite balanced at present, and his condition is improving, and also growing the reserve funds of the Russian Federation.
“All this creates favorable conditions to safely work in Russia to develop your business. Of course, we like any country have much to do, but we don’t sit on the ground, we’re trying to do,” — said Putin. In particular, the President noted that the authorities pay attention to the country’s position in the world rankings, are monitoring the situation with the business climate in the whole country and in individual regions. “In General, I would say modestly, something that is impossible”, — said the head of state.
According to him, this work has led to the fact that the inflow of foreign investments into the Russian economy last year grew five times — from $6.8 billion to $33 billion “In General we are seeing good momentum, but, of course, this is totally inadequate. That is why we collect you at similar events together to discuss what else can be done to ensure that foreign businesses can operate, make your work effective, profitable, and that this contributed to the development of the Russian economy”, — said the head of state to participants of the meeting.
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