Page 66 - RusRPTFeb21

5.3​ FDI
Foreign direct investment (FDI) into Russia fell to a mere $1.4bn in 2020,
its lowest level in 16 years, according to a reports from the Central Bank of Russia (CBR) released on January 26.
Russia brought in $29bn of FDI in 2019, one of its best results in recent years.
As ​bne IntelliNews​ reported Russia has always attracted low levels of​ ​FDI​ and most of what it does get is actually the reinvestment of profits by foreign companies already operating in Russia, but 2020 was especially bad.
Russia received almost zero FDI in the first quarter of 2020​, down from $10.3bn in the same period a year earlier, the Central Bank of Russia (CBR) reported in April last year.
That came on top of​ ​massive capital outflows​ from the world’s emerging markets which hit at an all-time high of $83bn at the height of the start of the coronacrisis, according to the Institute of International Finance (IIF), but then outflows started to slow as lockdowns around the world take effect.
66 ​RUSSIA Country Report​ February 2021 ​ ​www.intellinews.com