Foreign direct investment rose 8 percent on the year to $7.59 billion in the first half of 2012, the State Statistics Service said, Interfax reported Thursday.
Of this amount, capital investment grew 28.9 percent to $3.89 billion, while loans provided by foreign owners dropped 8.5 percent to $2.98 billion, leasing transactions fell 94.4 percent to $3 million, and other foreign direct investment rose 2.4 percent to $713 million.
Total foreign investment, which also includes loans and portfolio investments, fell 14.7 percent to $74.8 billion.
Foreigners invested $29 billion in financial services, $18.5 billion in manufacturing, $10.4 billion in natural resource industries and $8.7 billion in wholesale and retail.
Foreign portfolio investment increased almost fivefold to $1.19 billion. Of this amount, investment in stocks rose 7.4 times to $1.1 billion, while investment in bonds was down 3.9 percent to $89 million.
Russian investments in foreign economies totaled $69.5 billion, up 3.4 percent on the year.
The country has faced the problem of large-scale capital flight in recent years. Deputy Economic Development Minister Andrei Klepach said that capital outflow was at $3 billion to $5 billion in July, Interfax reported Wednesday.
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
