Russia capital investment increases

Russia’s capital investment in 2019 increased 1.7% in year-on-year terms to 19.3 trillion rubles ($294.1 billion), the Federal Statistics Service said today.

According to the statistics service Rosstat, in the fourth quarter of 2019, capital investment was up 2.3% in year-on-year terms and jumped 51.7% quarter on quarter.

In 2018, capital investment, one of the key economic growth drivers, had grown by 5.4%, Rosstat said, revising the figure from a 4.3% growth reported a year ago, Reuters reported.