Russians pour cash into overseas investments

21 Nov, 2007 03:45 / Updated 16 years ago

The amount of money invested overseas by Russians has soared by 56 per cent in the past 12 months. It now stands at more than $US 54 billion.

The Federal State Statistics Service says cumulative investment abroad stood at $US 28 billion at the end of September. The top destination for investment by Russian firms was the United States, followed by Cyprus and Austria.