Net foreign direct investment in Russia falls 14.3% in 2017 following 5-fold growth in 2016
MOSCOW. May 23 (Interfax) - Net foreign direct investment (FDI) in Russia fell 14.3% in 2017 to $27.9 billion, after rising 4.7-fold in 2016 to $32.5 billion, the Central Bank of Russia (CBR) said.
This included $9.7 billion in newly issued shares, down from $18.5 billion in 2016.
Net incoming investment in the form of reinvestment of earnings fell 8.2% to $15.8 billion.
FDI via debt instruments grew $2.4 billion last year after falling $3.2 billion in 2016. The balance of inward investments between related parties was $2.6 billion in 2017, compared to outflow of $1.3 billion in 2016.
Direct investment from Russia into other countries rose 73.1% in 2017 to $38.6 billion, from $22.3 billion in 2016 and $22.1 billion in 2015. The growth was driven mostly by investment in newly issued shares, via which FDI by Russian residents abroad grew by $22.5 billion or 2.6-fold last year: this grew $8.7 billion in 2016 and $8.4 billion in 2015.
Breakdown of foreign direct investment in Russia by type ($ mln, balance of payments data):
| Equity capital, except reinvestment | Reinvestment of earnings | Debt instruments | Total | |
| 2007 | 27 395 | 22 266 | 6 213 | 55 874 |
| 2008 | 35 393 | 33 449 | 5 941 | 74 783 |
| 2009 | 7 727 | 15 434 | 13 422 | 36 583 |
| 2010 | 10 040 | 18 644 | 14 484 | 43 168 |
| 2011 | 11 885 | 21 273 | 21 926 | 55 084 |
| 2012 | -32 | 23 542 | 27 078 | 50 588 |
| 2013 | 10 668 | 21 689 | 36 861 | 69 219 |
| 2014 | 1 421 | 21 678 | -1 068 | 22 031 |
| 2015 | -469 | 11 188 | -3 866 | 6 853 |
| 2016 | 18 477 | 17 238 | -3 176 | 32 539 |
| 2017 | 9 699 | 15 817 | 2 370 | 27 886 |
On a country-by-country basis, the bulk of FDI into Russia came from four offshore jurisdictions - Cyprus, the Bahamas, Bermuda and Singapore, followed by Germany, France, the United States and China.
Breakdown of foreign direct investment in Russia by country in 2015-2017, with change in 2017 ($ mln):
| 2015 | 2016 | 2017 | change | |
| Total by countries | -469 | 18 477 | 9 699 | -8 778 |
| Cyprus | -8 330 | -7 347 | 2 989 | 10 337 |
| Bahamas | 2 491 | 1 681 | 2 204 | 522 |
| Singapore | 130 | 16 169 | 1 430 | -14 739 |
| Bermuda | 1 829 | 1 575 | 1 214 | -362 |
| Germany | 1 198 | 933 | 727 | -206 |
| France | 739 | 709 | 717 | 8 |
| United States | 27 | 345 | 297 | -48 |
| China | 440 | 186 | 282 | 96 |