Page 48 - RUSRptSept18

5.3 FDI
Russia -FDI 2011 2012 2013 2014 2015 2016 2017*
FDI Net (BoP) (USD mn)
11,767 -1,765 17,288 35,051 15,232 -10,225 /
FDI net inflows (BoP)
55,084 50,588 69,219 22,031 6,854 32,539 25,338 (Jan-Sep)
FDI net inflows (% of GDP)
2.69 2.29 3.01 1.07 0.50 2.54 /
FDI net outflows (% of GDP)
3.26 2.21 3.77 2.78 1.62 1.74 /
source: World Bank
According to Central Bank data, foreign direct investment in the second quarter (excluding banks) was just $1.7bn, down from $12.6bn over the same period of 2017.
The latest figures suggest the moderate recovery in FDI following the 2014-16 recession may be going into reverse. Recent figures have in any case been flattered by the Rosneft share sale to Glencore and the Qatar Investment Authority.
Foreign direct investment in Russia in 2010-2016 declined by 24.5% to $32.6bn, according to the World Bank.
The figures conform to a familiar story for the Russian economy of stability without dynamism. But with oil prices in this range, the Russian economy should be able to cope with anything the US throws at it – so long as oil exports continue to flow.
Russian economy attracting a growing number of foreign investors. The number of investments from western countries are on hold, but their absence is more than made up for by new investors from Asia. Foreign investors put up capital in 238 projects in 2017 – a record number for Russia according to an annual survey by EY .
48 RUSSIA Country Report September 2018 www.intellinews.com