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2008 March 17   06:01

Foreign investment in Russia could exceed last year's figure

Foreign direct investment into Russia this year could exceed last year's figure of $28 billion, a senior economic adviser to the Russian president said on Sunday, RIA Novosti reports.

"Most likely, foreign direct investment in Russia will be more popular this year than last year, when it stood at about $28 billion," Arkady Dvorkovich said in the lobbies of the Russian economic and financial forum in Switzerland.

Net capital inflow into Russia, which is reaping benefits from high world oil prices, reached a record $82.3 billion in 2007, almost double the previous year's figure, Russia's Central Bank earlier said.

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