Russia's State Statistics Service (Rosstat) said that loans accounted for a large part of foreign investment in Russia in the reporting period ($11.5 billion), with foreign direct investment totaling $5.6 billion and portfolio investment $123 million.
Most investment in the Russian economy was made by companies from Cyprus ($4 billion), the Netherlands ($3.4 billion), Great Britain ($3.3 billion) and Germany ($900 million), Rosstat said.
Russia's trade sector was the most attractive area for investment with $5.4 billion, while $4.2 billion was invested in manufacturing industries, $2.2 billion in mining and $1.9 billion in electricity, gas and water production and distribution, Rosstat said.
Accrued foreign investment in Russia stood at $221 billion as of late March 2008 or 45.9% more than a year earlier. Loans continued to account for about half of that amount, Rosstat said.
