Source Pravda.Ru

Volume of accumulated foreign capital posted

The amount of the accumulated foreign capital in the Russian economy amounted to $57bn at the end of 2003, which was 32.8 percent higher than in 2002, the Russian State Statistics Committee reported. The share of investments made on a return basis (credits of international financial organizations, trade credits, etc.) in the structure of the accumulated foreign capital was 51.7 percent at the end of 2003, compared to 49.2 percent at the end of 2002. The share of direct investments was 45.8 percent (47.4 percent) and the share of portfolio investments was 2.5 percent (3.4 percent).

Among major investors were Germany ($10.204bn), the USA ($5.296bn), Cyprus ($8.085bn), Great Britain ($7.22bn), France ($4.776bn) and the Netherlands ($3.575bn). The share of these countries in the structure of the accumulated foreign investments was 68.7 percent and 68.2 percent in the structure of direct foreign investments.

In 2003 Russia's economy got $29.7bn in foreign investments, which was 1.5 times higher than in 2002.

The volume of Russian investments accumulated abroad reached $5.2bn at the end of last year. Russia exported some $23.3bn in foreign investments in 2003, which was 17 percent higher than in 2002. The volume of redeemed investments that had been exported earlier amounted to $22.3bn last year, some 14.3 percent more than in 2002.