Foreign investment in Russia declined by 14.7 percent in January-June 2012 year on year, the Federal State Statistics Service (Rosstat) reported on Thursday.
Foreign direct investment in the Russian economy increased by 8 percent in the reporting period, this capital accounted for a tenth of overall foreign investment totaling $74.789 billion, Rosstat said.
Russia’s investment balance showing funds invested in the Russian economy minus funds invested in other countries was positive in the first six months at $5.3 billion.
“As of the end of June 2012, the accrued foreign capital in the Russian economy stood at $334.7 billion or 6.2 percent more than the previous year,” Rosstat said.
Direct investment accounted for 38.5 percent of accrued foreign investment in the first six months of 2012 against 39.5 percent a year earlier and portfolio investment made up 2.5 percent compared with 2.7 percent. Other investment made on a repaid basis accounted for the remaining 59 percent compared with 57.8 percent in the same period last year, Rosstat said.
Russia’s investment abroad totaled $69.5 billion in the six months of 2012 or 3.4 percent more than in the same period last year. Russia’s accrued investment in other countries stood at $116.8 billion. The larger part of Russia’s funds went to the Netherlands, Cyprus, the United States, Switzerland and Luxembourg.