A study has found Russia is the third-largest direct foreign investor among emerging markets with Russian foreign assets 250% up in two years. Leading the way through merger and acquisition deals are energy, metals and mining companies.
The survey was carried out by the Skolkovo Moscow School of Management and New York’s Columbia University. The study revealed Russian multinational companies expanded their foreign assets 250% to nearly $US 60 billion in the past two years. And it ranked Lukoil and Gazprom, with foreign investments of $US 19 billion and $US 10.6 billion respectively, as Russia’s largest international investors. Other companies also include Severstal, Rusal and Norilsk Nickel.