Renaissance is ready to invest in Russia, if sanctions are lifted
«Within 10-12 years we have invested about 1,2 billion dollars into the Russian projects, what turns out to be approximately 100 million dollars per annum. Principally, we are ready to continue in the same way and here we have no limitations. One year it can be 100 million and the other year 200-300 – everything would depend on projects. For example, next year we will invest, if my memory doesn’t fail me, 280 million dollars into Neva Towers in “Moscow-City”.
Of course, now there’s no possibility in the market to employ project financing and we have to rely upon own resources. But I think when the situation in Russia, including the financial one, will get stabilized, we will consider a possibility of employing the bank funds.»
The full text of the interview of the Chairman of the Board of Renaissance Group in Russia and CIS countries Mr Avni Akvardar can be found in the pages of RIA Novosti news agency: https://riarealty.ru/analysis_…