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September 23rd, 2007
Russia to Invest Heavily in Infrastructure

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INTERNATIONAL SUNDAY OBSERVER – The Russian government said Friday that it would invest more of its oil wealth directly into the economy, mainly in infrastructure, as it sought to maintain its longest expansion since the fall of the Soviet Union. Budget-funded investment will rise to at least 900 billion rubles, or $36 billion, next year, the acting first deputy prime minister, Sergei Ivanov.
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