Foreign investment in Russian companies almost stops

Direct foreign investments in Russia’s non-banking sector during Q1 2020 reached only $0.2 billion, according to data from the Central Bank.

For comparison, that figure in Q1 2019 was $10.3 billion, making for a more than 98-percent decrease.

Portfolio investors have also begun removing capital from Russian markets, causing an outflow of $1.2 billion as opposed to last year’s $6.8-billion inflow, the business newspaper RBC reported.