MOSCOW: Russia saw its lowest number of foreign investment projects last year since 2014, consultants EY have found. In total, they counted 191 deals across the country which secured foreign investment in 2019 — a 9% slump from 2019.
More than half of all foreign investment went into industrial projects, with agricultural firms counting for more than a fifth of all projects which received foreign direct investment (FDI). EY says strong investment into Russia’s food production industry is the result of Russia’s policy of import substitution and the ban on western food imports which was introduced as a counter sanction …read more
Source:: The Frontier Post