Russian Central Bank Reported of Almost Complete Stoppage of Foreign Investment
OREANDA-NEWS. According to the assessment of balance of payments by the Central Bank of Russia, the volume of direct investment from abroad in the non-banking sector in the first quarter of 2020 amounted to 0.2 billion US dollars. For comparison, last year this figure was 10.3 billion. In January–March, the value of portfolio investments amounted to minus 1.2 billion dollars against the inflow of 6.8 billion a year ago.
Total exports from Russia decreased by 14 % compared to the first quarter of 2019. At the same time, non-oil exports remained stable, amounting to 40.1 billion dollars compared with 39.4 billion dollars a year ago. Exports of oil, gas and petroleum products fell by 24.5 %, to 47.7 billion dollars. This happened against the backdrop of a sharp drop in oil prices and external demand. According to the Central Bank, imports to Russia remained unchanged at the level of 55.7 billion dollars.
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