The fact that supported by the Russian government fund will investment in projects inside Russia in cooperation with foreign companies has created a major impulse for the market players who were not sure whether to invest in Russia.
One reason for the investment shortfall may be that government lacks the ability to manage big investmentprojects, following sharp cutbacks in the senior ranks of the civil service in the mid-1990s.
In Asia, China's Shanghai Composite Index climbed 1.4% as hopes of increased government spending on a wide range of investmentprojects lifted coal and construction companies.