THE FORECAST: Russian finance minister Alexei Kudrin sees steady economic growth of 4 percent for this year and each of the next two years. He vows to rein in inflation and eradicate the nation's budget deficit over that period.
WHAT IT MEANS: Such conditions will make investment-starved Russia an "island of stability" for foreign capital, says Kudrin.
FOREIGN INVESTMENT PROJECTIONS: Foreign direct investment in Russia is expected to total $40 billion this year, up from $36 billion last year. Kudrin forecasts it will grow by 25 percent next year.