Investment in fixed assets in Russia will remain at high level in 2025 despite expensive loans - Nabiullina

MOSCOW. Nov 19 (Interfax) - Investment in fixed assets in Russia will remain at a high level across the economy as a whole during 2025 despite the high cost of loans, Governor of the Central Bank of Russia Elvira Nabiullina said at the State Duma.

"Serious structural shifts are occurring in the economy. We see this, among other things, in the record growth in investment, which grew by more than a quarter in the past three years. This is investment in new production facilities, import substitution, new transport corridors, and from a low base in a number of large projects for production, the manufacturing industry, transport and agriculture. These are projects where investment is measured in billions, tens of billions of rubles, and which cover major demands within the economy," she said.

"I now sometimes hear warnings that investment will cease due to inaccessible loans. That's not the case. There will be industries and companies next year as well where it will continue to grow. Yes, some have already made investments, some people have sufficient capacity to satisfy demand, investment may fall a little, but that's a normal thing, it's natural. But on the whole, it [investment] across the economy remains at the high level which was recently achieved. Despite the fact that loans will be expensive for a certain amount of time," she said.