BVI Among the Biggest Foreign Direct Investors in the Economy of Russia

Recently we have discussed the fact that BVI remains its highest positions in the list of foreign investors in the economy of China, which is the country with one of the highest levels of inwards Foreign Direct Investments in the world. Now we will talk about Russia – one more country with one of the most dynamic and rapidly growing levels of inwards FDI, which during the last years allowed it to enter in the world list of leaders by this criteria.

2 weeks ago the Federal State Statistics Service (Rosstat) provided data on 2.7% increase of foreign investments in Russia in 2006, to $55.1 billion from 2005. In 2005, foreign investment in Russia soared 32.4%. Foreign direct investment in Russia grew 4.6% in 2006 to $13.68 billion. In 2005, FDI in Russia grew 38.8%.

The British Virgin Islands are among the biggest direct investors in Russia in 2006, along with Cyprus, Britain, the Netherlands, Luxemburg, France, Germany, Switzerland and the United States. All these countries account for 84.8% of the whole foreign investment stock in Russla,
including 85% of FDI stock.

By the information provided by Rosstat, the stock of foreign investment in Russia increased by 27.8% to $142.9 billion at the end of 2006. This figure included 49.1% of other investments, 47.5% of direct investment and 3.4% of portfolio investment, compared to 53.8%, 44.5% and 1.7% respectively in 2005.