Papers by Alexey Kuznetsov
ISTORIYA, 2021
The article considers the specifics of Russian foreign direct investment outflows in 2018 — the f... more The article considers the specifics of Russian foreign direct investment outflows in 2018 — the first half of 2020. Three main reasons for the new stagnation of Russian foreign investment expansion are identified: 1) the strengthening of “sanctions war” with the West after the election of Vladimir Putin for the 4th presidential term; 2) the slowdown in the global economy in 2018-2019 against the background of relatively low prices for hydrocarbons and other raw materials exported from Russia; and 3) the crisis caused by the coronavirus pandemic in 2020. These factors resulted in a reduction of both outward foreign direct investment stocks by Russian MNEs (partially due to revaluation of their assets after the collapse of the ruble rate), and a decrease in investments of wealthy Russians in foreign real estate as well as pseudo-foreign investment because of the regular attempts to conduct de-offshorization. Based on a study conducted at INION within the framework of the international program for studying MNEs from emerging markets, a list of leading Russian non-financial MNEs by the end of 2019 is presented. Further prospects of Russian direct investment are shown at the end of the article.
This article is a translation of: Кузнецов А. В. Прямые инвестиции из России за рубеж: изменения с 2018 года // Общественные науки и современность 2021. № 1. C. 5—15. DOI: 10.31857/S086904990013992-3
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Papers by Alexey Kuznetsov
This article is a translation of: Кузнецов А. В. Прямые инвестиции из России за рубеж: изменения с 2018 года // Общественные науки и современность 2021. № 1. C. 5—15. DOI: 10.31857/S086904990013992-3
This article is a translation of: Кузнецов А. В. Прямые инвестиции из России за рубеж: изменения с 2018 года // Общественные науки и современность 2021. № 1. C. 5—15. DOI: 10.31857/S086904990013992-3