U.S. number one among foreigners in Russia investing—EY study
6 Jun '19
The U.S. took the lead in 2018 in the number of investment projects in Russia—for the first time since 2013, as Ernst & Young found in its most recent study on investment attractiveness of the European countries in 2018. The key takeaways from the yet unpublished study were reported by RBC.
Last year, international investors brought money into 211 projects in Russia. It was an 11% decline from the 2017 results (238 projects); but EY believes that was fully in line with the pan-European trend (an overall 4% decline).
The number of investment projects from the United States grew almost 74% from 19 to 33, which means U.S. moneys accounted for nearly 16% of all projects in Russia. The Americans invested in 11 projects in the city and region of Moscow, and in four projects in St. Petersburg and the surrounding Leningrad region, among other Russian regions.
Germany was the runner-up; its investment in Russia’s economy shrank by 14% to 24 projects. China was number three, showing an even more substantial decline from 32 to 19 projects. Projects implemented by the UK, far from numerous even by then, further dwindled from eight in 2017 to just two last year.