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Russia’s economic development ministry forecasts decline of investment

June 22, 2016, 21:07 UTC+3 MOSCOW

According to the ministry, in the first quarter of 2016 total capital investment in Russia dropped by 4.8%

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MOSCOW, June 22. /TASS/. Russia’s economic development ministry expects investment to decrease by 2.7-3.1% in 2016, Deputy Economic Development Minister Aleksey Vedev said Wednesday.

According to the ministry’s official forecast for 2016 announced earlier, Russia’s investments were expected to decrease by 3.1%.

"We estimate the decline of investment activity in various scenarios from minus 3.1% to minus 2.7%, which is substantially lower than last year," he said.

According to Vedev, in the first quarter of this year total capital investment in Russia dropped by 4.8%.

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