"For now our official (forecast) for this year
is 0.5 percent, but most likely we will revise it in September,
most likely upwards," Ulyukayev told journalists.
Investment by Russian companies in tangible goods such as plant
infrastructure, a major contribution to the country's economic
wellbeing, had been falling since last year and plummeted after
the West imposed sanctions on Moscow for annexing Ukraine's
There are no figures for investment for May yet, but Ulyukayev
said there were signs that the fall had eased. In April,
investment was down 2.7 percent year-on-year.
"There are no concrete figures," Ulyukayev said. "But the
dynamics of the decline have flattened. ... We are still in
negative territory. From now on (the numbers) should show a
(Reporting by Polina Devitt; Writing by Lidia Kelly, editing by
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