US Direct Investment In Russia Totaled $92Bln In Past Decades - Report
Muhammad Irfan Published July 16, 2020 | 10:10 PM
MOSCOW (UrduPoint News / Sputnik - 16th July, 2020) US business operating in Russia has contributed almost $92 billion in direct foreign investment over at least 30 years, an annual report published Thursday has showed.
The 5th report was put out by the American Chamber of Commerce in partnership with the EY consultancy. It is based primarily on a survey conducted from March-April among 75 US firms, over a half of which have been present in Russia since the early 1990s or before.
"The total direct investments of US companies over the entire period of their operations in Russia amount to $91.86 billion. This is an estimate based on the data of the 75 companies taking part in the current survey, public information and the data of companies surveyed in the previous four years," the report reads.
Researchers noted that official figures were much lower due to the fact that US business invested in Russia through other countries and reinvested its proceeds from Russian operations, mostly to expand production and infrastructure needed by business.
Over a third of investments made over the whole period went into the energy and natural resources sector, although their share dropped to 5 percent in 2019. This year, survey participants said they would invest a combined $1.8 billion in Russia, 43 percent of it in the chemical industry and only 4 percent in energy and natural resources due to a steep decline in commodity prices.
Recent Stories
Meeting discusses anti-dengue measures
Photo exhibition 'Imagination of My Story' held
World teams invited at International Rescue Challenge-2024
LESCO detects 78,238 power pilferers in 230 days
2600 uplift projects near completion across South Punjab
Project Director SFERP for early completion of road work before forthcoming mons ..
Spain vows to block BBVA's hostile bid for rival bank
Bank of England holds rate at 16-year high, signals looming cut
London, Frankfurt hit record highs on rate-cut hopes
Entire road work completed before forthcoming monsoon: Kanasaro
Crespo-Kewell Champions League rivalry renewed in Asian final
Bank of England holds rate at 16-year high, signals looming cut
More Stories From World
-
Marquez eyes French MotoGP victory but plays down title talk
2 hours ago -
Football: French Ligue 1 table
2 hours ago -
Football: French Ligue 1 table
2 hours ago -
Spanish court shelves Shakira tax fraud case
3 hours ago -
North Africa football fans use stadium freedoms to back Palestinians
3 hours ago -
Rafah struck after Biden warning on arms transfers
3 hours ago
-
In Catalonia, a high stakes vote for Spain PM, Puigdemont
4 hours ago -
Football: French Ligue 1 table
4 hours ago -
Five things to know about Spain's Catalonia
4 hours ago -
China's Xi in Hungary to celebrate 'new era' with Orban
4 hours ago -
Mbappe gets ready to say goodbye as PSG digest Champions League exit
4 hours ago -
Inevitable Madrid continue Champions League love affair
5 hours ago