Foreign investment in the Russian economy in the first nine months of the year fell 27.8% year-on-year to $54.738 billion, the state statistics service said on Friday.

According to Rosstat, foreign direct investment fell even more significantly, almost halving to $9.975 billion.

Portfolio investment was down 21.4% to $1.019 billion.

The leading investor countries in the reporting period were Luxembourg, the Netherlands, Germany, China, Cyprus, the UK, Switzerland, and Japan. These countries account for 75.1% of total foreign investment in Russia and 73% of accumulated foreign direct investment.

Rosstat said the volume of Russian investment abroad in the first nine months of the year was $69.955 billion.

MOSCOW, November 20 (RIA Novosti)