The volume of foreign investments in Russia has tripled
The volume of foreign investments in Russia have tripled in 2011 compared to the same period of last year, informs the Federal State Statistics Service. The total amount of means invested in the economy amounted to $ 87.7 billion. Herewith the direct investments amounted to $ 7 billion, almost 30% more than in 2010. The greater part of the sum is made by the short-term loans. Almost half of the total investment came from Switzerland.
“At the end of June 2011 the accumulated foreign capital in the Russian economy amounted to $ 315.0 billion, a 19.9% increase over the same period of the last year. The largest share in the accumulated foreign capital accounted for the other investments made on a returnable basis – 57.8% (end-June 2010 – 55.2%), the proportion of direct investment amounted to 39.5% (40.6%) portfolio – 2.7% (4.2%)”, – said the Federal State Statistics Service.
However, according to the respondent experts of the “Russian newspaper”, a substantial portion of the money was invested in the Russian economy by local businessmen. This year Switzerland became the leader of the Russian capital investment – $ 24.6 billion was directed there.
As experts explain, Switzerland, as well as several other countries, is associated with offshore, which have always accounted for the majority of investments in Russia. So in fact, these investments are likely pseudo foreign.