Foreign investment in Russia has been growing for a second week in a row; since the beginning of 2019, $210 mio has been invested in our country, according to US Emerging Portfolio Fund Research.
Experts say investors have started showing interest in the ruble due to rising oil prices and a softer policy of the US financial regulator. However, this does not mean that the current level of investment will remain stable. Bank of America Merrill Lynch and BCS Global Markets estimated the amount of investment in Russia from January 9 to January 16 at $104 mio, 30% less than during the previous week. Total investment in Russia in 2019 has already topped $210 mio.
The main inflow of investment comes through global funds. The heightened interest in Russia is largely associated with the increasingly high demand for investment in emerging markets. The total amount attracted by developing economies over the past week reached $3.3 bln. Another factor that influenced the increase in investment was mild statements by US Federal Reserve on its monetary policy, indicating that they are willing to accept further rate increases. Investors also now have some confidence that a truce would come in the trade war between the US and China.