24 January 2011 Last updated at 09:44 ET

Russia's industrial output rises 8.2% in 2010

Russia's industrial output increased by 8.2% in 2010, the country's statistical agency, Rosstat, has said.

The jump followed a 9.3% fall in 2009 due to the recession. Russia's economic development ministry expects industrial output to grow 4.1% in 2011.

Manufacturing rose 11.8% in 2010 and mineral extraction increased by 3.6%.

Russia, a leading exporter of oil and gas, saw its economy expand 3.8% in 2010 after a 7.9% fall a year earlier, according to preliminary estimates.

Consumer prices rose 8.8% last year after growing at the same rate in 2009.

The Russian government wants to modernise the energy-dependent economy and attract foreign investors in order to boost economic growth.