The State Statistics Service said investment in the form of loans from international financial institutions and trade credits accounted for the larger part of accrued foreign investment (50%), followed by foreign direct investment (48.2%), and portfolio investment (1.8%).
Cyprus, Great Britain, the Netherlands, Luxembourg, Germany, France, the British Virgin Islands, Switzerland and the United States were Russia's main investors in the reporting period, accounting for 84.5% of accrued foreign investment, the statistics service said.
The Russian economy received $24.6 billion in foreign investment in January-March 2007, 180% up from the same period of last year, the statistics service said.
At the same time, Russia's foreign trade surplus declined 22% year-on-year in the first quarter of 2007 to $28.4 billion, the statistics service said.
Russia's foreign trade (under the balance of payments methodology) expanded 16.3% in the reporting period to $114.4 billion, including $71.4 billion in exports (an increase of 6%) and $43 billion in imports (up 38.7%), the statistics service said.
