MOSCOW, April 17 (RIA Novosti) - To modernize Russia's economy, not less than $200 billion a year is needed, the head of Russia's Audit Chamber, Sergei Stepashin said at a round table "The Results of Privatization and the Strategy of Development of Russia's Economy." "In expert estimates, to modernize Russia's economy, not less than $200 billion worth of investments is needed each year," Stepashin said.
At the same time, he expressed the opinion that such investments will demand innovational methods, large-scale attraction of capital and its rational spending.
