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Foreign Money Flow Not So Heavy Now

19.11.2008 - www.kommersant.com

Foreign Money Flow Not So Heavy Now

No more than $75.792 billion flew to Russia in January through September of 2008, which was 13.8 percent less than a year earlier, PRIME-TASS reported with reference to Russian statistics authority Rosstat.

As to the structure of foreign capital inflow to Russia in the first nine months of this year, the miscellaneous investments accounted for 73 percent, direct investments covered 25.3 percent and portfolio investments provided for the remaining 1.7 percent.

Russia’s economy had accumulated $251,279 million by the end of September, 27 percent above the amount reported by the end of past year’s September.

For Russia, the biggest foreign investors àre Cyprus, the Netherlands and Luxembourg, which account for 21.7 percent, 18 percent and 13.6 percent of all investments amassed in the country. The list of Top 10 also sets forth Britain (12.5 percent), Germany (5.9 percent), France and the United States (3.4 percent each), Ireland (3.2 percent), the Virgin Islands (2.9 percent) and Switzerland (1.5 percent).










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