Page 50 - bne IntelliNews Country Report: Russia Dec17
P. 50
was of utmost importance.
Another big local buyer on the Russian gold market could be Russian Fund of Precious Metals and Minerals (Gohran), which plans to keep acquiring gold and objects of value in 2018, deputy head of the Finance Ministry Alexei Moisseev said at the same conference.
In 2018-2020 the fund could spend RUB8.5-10.5bn annually on acquiring precious metals and minerals.
"Diamonds and uncut diamonds will not be bought en masse as they have no artistic value and are not very liquid, but we will buy gold to increase the liquidity of the fund" Moisseev explained.
5.3 FDI
Russia -FDI 2010 2011 2012 2013 2014 2015 2016
FDI Net (BoP)
9,448 11,767 -1,765 17,288 33,532 16,733 -10,396
FDI net inflows (BoP)
43,168 55,084 50,588 69,219 22,856 6,853 32,977
FDI net inflows (% of GDP)
2.83 2.89 2.51 3.33 1.23 0.41 0.49
FDI net outflows (% of GDP)
3.45 3.51 2.42 4.16 3.03 1.81 1.67
source: Rosstat
50 RUSSIA Country Report December 2017 www.intellinews.com
