Russia needs more investment

RUSSIA / FSU POLITICS - In Brief 16 Oct 2019 by Alex Teddy
October 11 the Finance Minister Anton Siluanov spoke at the Financial University in Moscow. He said more investment is required. Companies have over USD 466 billion in bank accounts. Businesses do not have confidence in the state which is why they do not invest. Siluanov considers growth of 3% as realistic if the country gets investment worth 25% of the GDP or more. The figure at the moment is under 21%. This is optimistic. Russia has not seen growth of 3% for several years. However, before sanctions this figure was surpassed sometimes. Siluanov looked to very prosperous economies. The secret of their success is investment. In Singapore the figure is 42% of GDP.

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