Despite sanctions, Russia remains sixth out of the ten most attractive countries for investment
The 2014 World Investment Report published by the UN announced six of the ten largest investment projects for implementation in Russia, making it the largest country in terms of expected investment, they write Izvestia.
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Half of these projects are in the automotive industry, the rest are in the construction industry, the agro-industrial complex and the chemical industry. According to analysts, the total value of these investments is $5,96 billion, of which $5,62 billion will be invested by China.
Investments from developing countries can replace investments from developed countries, the outflow of which from Russia was observed against the backdrop of sanctions and the fall of the ruble, the UN document notes. Direct foreign investment in Russia in 2014 decreased by 70%, despite the country retaining its place in the list of twenty countries with the maximum volume of investment attracted from abroad.
At the same time, the level of investment abroad from Russia decreased from $87 billion to $56 billion, most of which domestic companies decided to conduct through offshore jurisdictions - Cyprus, Switzerland, the Netherlands and Bermuda.
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