06 May 2004 18:19
Russian central bank reports growth in foreign investment
Moscow, 6 May: Total foreign investment in Russia rose to 21.4bn dollars in 2003 from about 10.4bn dollars in 2002,
according to information released by the Central Bank of Russia (CBR) on Thursday [6 May].
Direct foreign investment amounted to 1.1bn dollars, and other investments stood at 22.9bn dollars, while there was
an outflow of portfolio investments of 2.7bn dollars in 2003.
In 2003, foreign investments into Russia's banking sector tripled on the year to 11.2bn dollars, leading to
Russian banks' foreign liabilities rising by 70 per cent on the year to 27.5bn as of 1 January. However, the
majority of the investments were short-term.
Foreign investments into the nonfinancial sector of Russia's economy amounted to 15.3bn dollars in 2003, up from
14.3bn dollars in 2002, the CBR reported.
[Prime-TASS news agency] |
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