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. Last Updated: 07/27/2016

Foreign Investment Rises 11% in Q1

Total foreign investment rose 11.1 percent year-on-year to 2.72 billion rubles ($90 million) in the first quarter of this year, Interfax reported the State Statistics Committee as saying Thursday.

Foreign direct investment in the period amounted to $962 million, 35.4 percent, up 12.8 percent from $853 million the same period of 2000. Portfolio investment totaled $45 million, or 1.7 percent, up 450 percent from last year's first-quarter total of $8 million.

Other foreign investment measured $1.71 billion, or 62.9 percent, up 7.9 percent from $1.58 billion a year earlier. This included $277 million in trade credits, $3 million in foreign government credits provided under Russian government guarantees and $1.42 billion in other credits, compared with $742 million, $6 million and $813 million in the first quarter of 2000.

So-called other credits amounted to more than half, 52.5 percent, of all foreign investment in the quarter.