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Germany intends to invest about 9 billion euros ($12 billion)
Germany intends to invest about 9 billion euros ($12 billion) in projects in Russia in 2009, a Russian presidential aide said Saturday shortly before the president's visit to Berlin, scheduled for March 31.

Germany is a leader in terms of the volume of foreign investment in Russia. The flow of German investment into the Russian economy last year doubled compared with 2007 to $10.7 billion.

"In 2009, German companies plan to implement investment programs in Russia to a total of around 9 billion euros. The participants in the new projects include such 'heavyweights' in the German economy like Siemens AG, Daimler AG," Sergei Prikhodko told journalists prior to the G20 summit, due in London next week.

He said in 2008 the high dynamics of trade turnover had been maintained, with turnover reaching the $67.2 billion mark, up 25.2%.

Experts say that the global financial crisis could see German-Russia trade growth in 2009 slowing slightly as the downturn takes hold.


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