Sanctions? Russia attracts $21 BILLION in foreign investments

Foreign investors poured billions of dollars into the Russian economy last year, according to research from global accounting firm KPMG. Investors appreciated the country’s economic stability, it said.

Russia has managed to adapt to Western sanctions (introduced six years ago) and their consequences, KPMG analysts said as cited by business news outlet RBC.

The research showed that the largest increase in investments came from the Asia-Pacific region, with companies and funds pumping in $8.2 billion compared with $2.4 billion in 2018. US investors have also been very active, investing $3.4 billion last year against $200 million in 2018. European investors reduced their Russia holdings from $5.9 billion to $2.6 billion.

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