May 21 (Bloomberg) -- Russian foreign direct investment slipped an annual 17.6 percent to $2.6 billion in the first quarter on an uneven economic recovery from the worst contraction since the Soviet Union collapsed in 1991.
Overall foreign investment, including credits and flows into the securities markets, advanced 9.3 percent from a year earlier to $13.1 billion as portfolio investments more than doubled, the Moscow-based Federal Statistics Service said in an e-mailed statement today.
The world’s biggest energy supplier suffered a plunge in long-term foreign investment even as its currency and stock market benefited from speculative capital inflows. Russian equity funds had net inflows for 12 consecutive weeks through early May, fund tracker EPFR Global said on May 7.
