RusEnergy

RBC, 05.04.2007, Moscow 12:33:09.According to the Russian Industry and Energy Ministry's estimates, investment in the development of the energy sphere in Russia should amount to $420bn till 2020. This figure is foreseen in the industry's general development strategy, Vyacheslav Kravchenko, Director of the ministry's department of structural and tariffs policy in natural monopolies, told reporters today. Kravchenko pointed out that most of the funds would be spent on the construction of the unified national energy system and electricity distribution networks. He also said that the industry would require high investment in 2016-2020.