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9 Month Foreign Investment Rises 16% to $132Bln

Overall foreign investment into Russia's economy in the first three quarters of 2013 grew by 15.7 percent year on year, rising to $132.4 billion, officials said Friday.

The Federal State Statistics Service said foreign direct investment into production or business increased by 51.6 percent over the same period, to $18.6 billion.

"As of late September 2013, accumulated foreign capital in Russia's economy totaled $379.3 billion, or 7.3 percent more than in the same period last year," the service said in a statement.

Russia sent $163.3 billion worth of investment abroad in the first nine months of the year, up by 49.2 percent year on year.

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