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U.S. welcomes investments from Russian govt - Paulson

Mon, 30th Jun 2008 12:26

MOSCOW (Thomson Financial) - U.S. Treasury secretary Henry Paulson made it clear the world's biggest economy welcomes investments from the Russian government.

'We certainly welcome your investment. You have some government sources of investment. We can discuss what you call the various funds but we very much welcome your investment,' Paulson told Russian Prime Minister Vladimir Putin ahead of a meeting here.

Putin pointed out Russia does not have a designated sovereign wealth fund.

Additionally, Putin said his country is prepared for the fight against inflation.

'Russia as never before is prepared to face such challenges,' Putin said, referring to rising food and energy prices.

corbett.daly@thomsonreuterss.com

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