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Portfolio investment in Russia up 10-fold in 2006 - minister

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BEIJING, October 13 (RIA Novosti) - Portfolio investment in Russia totaled $9.6 billion in the first nine months of 2006, representing a 10-fold increase from 2005, the Russian Finance Minister said Friday.

Alexei Kudrin said on the first day of his working visit to China that foreign direct investment in Russia was $20.8 billion, or 2.5% of the gross domestic product, in the first nine months of 2006, an almost eight-fold increase from 2000.

Russia's fixed capital investment domestically and abroad is expected to increase by 28% in 2006, to $158.5 billion, rising to $195.8 billion in 2007, and $264.9 billion by 2009, he said.

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