ULYANOVSK. Oct 9 (Interfax-AVN) - Sergei Ivanov, Russia's first deputy prime minister, said soaring foreign investment in Russia is due to political stability in the country.
"This can be explained by political stability, which the country experiences and which will remain in the future," Ivanov told journalists in Ulyanovsk on Tuesday.
"Since I was appointed first deputy prime minister, I have felt an increasing flow of requests to me personally from major foreign companies for meetings to discuss something. Perhaps, there is something behind all this. Nobody would seek a meeting just for the sake of it," Ivanov said.
A number of Western markets have experienced crises in 2007, but this has not influenced the inflow of foreign investment in Russia, he said.
"About $50 billion have flowed into the country and $10 billion out. This means that investors see Russia as a promising market," he said.