MOSCOW, December 17 (RIA Novosti) - Canadian investments in Russian economy can grow fivefold in the near future, President of the Russian Union of Industrialists and Entrepreneurs Arkady Volsky said on Friday during the signing ceremony of the agreement on the establishment of the Russian-Canadian Business Council.
The document was signed by Arkady Volsky and President of the Canadian Business Association in Russia Nathan Hunt.
According to Canadian experts, direct Canadian investments in Russian economy are worth $1 billion, however, this number does not meet the potentials of our countries, Mr. Volsky said.
In his words, Canadian investors are mainly interested in Russia's mining industry, which accounts for some 75% of the investments. Other spheres of Canadian investments are the fuel and energy complex, agriculture, building and hotel services, he added.
"The implementation of these projects, above all, in gas sphere, may raise Canadian investments to the $5 billion level," Arkady Volsky noted.
