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Russia's investment abroad down 7.8% year-on-year in 2005

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MOSCOW, February 22 (RIA Novosti) - Russia's investment abroad during 2005 declined 7.8% year-on-year to $31.1 billion, the Russian Federal Statistics Service said Wednesday.

The volume of previous investments to Russia redeemed during the year was $31.3 billion, down 1.6% on 2004.

The total value of Russia's investments abroad as of the end of the year was $7.3 billion (taking into account repayments during the year).

Last year, Russia invested $13.3 billion in the United States, $1 billion in Cyprus, $4.3 billion in Austria, and $490 million in the United Kingdom.

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