[Iran Press TV Latest] Foreign investment in Russia has slumped 21 percent in 2009 to USD 81.9 billion, the country's Federal State Statistics Service (Rosstat) says. In the same period, direct foreign investment in Russia fell by 41.1 percent to USD 15.9 billion, Rosstat said in a Saturday statement.
Russia's largest investor countries last year were Cyprus, followed by the Netherlands, Luxembourg and Britain, the statistics service said.
Cyprus .. money laundering; Luxembourg .. money laundering; ...
Foreign investors withdrew billions of dollars from Russia following the global financial downturn which hit the country hard.
Meanwhile, Russia's ministry of economic development believes that the country, which saw its economy contracted by 7.9 percent in 2009, will return to growth and a 3.1-percent increase in gross domestic product in 2010. |