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Q1 FDI Up 48% to $3.9Bln

Russian foreign direct investment surged an annual 48 percent to $3.9 billion in the first quarter, with manufacturers and the financial industry receiving the largest amount of capital.

Overall foreign investment, including credits and flows into the securities markets, more than tripled from a year earlier to $44.3 billion, the State Statistics Service said Tuesday.

Net outflow of capital reached $21.3 billion in the first quarter and $38.3 billion in 2010, more than the official $22 billion forecast for the year, Central Bank data show. That compared with $56.9 billion a year earlier. The country last had a net inflow in 2007, when it reached $81.7 billion.

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