LONDON, March 22 (RIA Novosti) - A deputy prime minister of Russia said Wednesday that accrued foreign investment in the country had exceeded $100 billion in 2005.
"The capitalization of the Russian market last year almost doubled and posted considerable growth at the start of this year," Alexander Zhukov told a round table on corporate governance in London.
He said many Russian companies were becoming more transparent by making a transition to reporting their financial results according to international accounting standards and by placing securities on foreign bourses. He added that a number of major Russian companies, including state-owned oil company Rosneft, were planning to do this in the near future.
Zhukov said Russian companies attracted about $30 bln in foreign investment and $10 bln in domestic investment last year.
"It shows that foreign investors have increasing trust in Russian companies," Zhukov said.
