Listen Live
    A passer-by near the Moscow International Business Center Moscow-City in Moscow

    Foreign Investment Into Russia Grows, $500 Million in Seven Weeks of 2015

    © Sputnik / Artem Zhitenev
    Get short URL
    0 477

    Investment into Russia growns as the situation in Ukraine has stabilized and the ruble has strengthened while other countries' currencies have weakened.

    In the past seven weeks, over $500 million of foreign investment has come into Russia according to data from Emerging Portfolio Fund Research (EPFR). Gazprombank analyst Andrey Klapko told Russian daily Kommersant:

    "With the stabilization of the geopolitical situation in Ukraine, the recovery in oil prices and the strengthening of the ruble, international investors are showing interest in undervalued ruble-denominated assets."

    The trend comes as investors pull their money from emerging markets, which lost $3.5 billion in the past week. The recent rally of the US dollar has devalued assets in many countries, as their currencies depreciated in relation to the dollar.

    In February, following a meeting between the leaders of Germany, Russia, France and Ukraine, a ceasefire agreement was signed between Kiev and the self-proclaimed people's republics of Donetsk and Luhansk (DPR and LPR).

    Relations between Moscow and Brussels deteriorated after Crimea's reunification with Russia in March 2014. The European Union, the United States and Canada imposed several rounds of anti-Russia economic sanctions, accusing the country of fueling the armed conflict in Ukraine. Russia rejected the accusations and responded with counter-sanctions.


    Cyprus-Russia Investment to Grow Despite EU Sanctions
    EU Sanctions No Obstacle for Russian Cooperation With Investment Partners
    Putin: Russia to Remain Open for Foreign Investment, Joint Projects
    investment, oil prices, dollar, ruble, Russia
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik