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Foreign investment in Russia $143 bln in 2006, up 28%, y-o-y

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MOSCOW, February 27 (RIA Novosti) - Accrued foreign investment in Russia totaled $142.9 billion in 2006, up 27.8%, year-on-year, the Federal Statistics Service said Tuesday.

Foreign direct investment (FDI) accounted for 47.5% of the total figure, up three percentage points, from 44.5% in 2005, while the share of investment, in the form of international financial organizations' loans and trade credits, contracted 4.7 percentage points, to 49.1% from 53.8% in 2005.

Cyprus, Britain, the Netherlands, Luxembourg, Germany, France, the Virgin Islands, Switzerland and the United States were the largest investors in Russia during the reporting period, accounting for 84.8% of the country's total accrued foreign investment and 85.8% of total FDI, the statistics service said.

Russia's economy received $55.1 billion in foreign investment in 2006, or 2.7% more than in 2005.

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