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Russian industry annually short of $22.9 bln worth investments — Deputy Finance Minister

May 26, 21:17 UTC+3
Concerning the requests for financing from the Industry Development Fund, the value of projects received is $3 bln
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© Sergei Fadeichev/TASS

KOSTROMA, May 26. /TASS/. The Russian industry is annually short of 1.5 trillion rubles ($22.9 bln) of investments, Deputy Finance Minister Leonid Gornin said on Thursday.

"Speaking about the macroeconomic calculation, trillions are meant… In terms of investments, we estimated the annual deficiency is 1.5 trillion rubles ($22.9 bln)," the official said.

Concerning the requests for financing from the Industry Development Fund, the value of projects received is 200 bln rubles ($3 bln), including high quality workout performed for projects worth 100 bln rubles ($1.5 bln), Gornin said.

"The amount of the fund is 20 bln rubles ($305 mln). We have from 5 to 10% of required amount, depending on the pessimistic or optimistic estimate," he added.

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