Eurasian Development Bank: Russia's investments in the former USSR countries amounted to 37 billion three times higher than the official data of the Central Bank, writes RBC with reference to the Eurasian Development Bank.
At the end of last year, the volume of accumulated mutual direct investments in 12 countries of the former USSR (CIS and Georgia) amounted to almost $ 46 billion , of which 37 billion fell on investments from Russia. The organization notes that the majority of Russian transnational companies (TNCs), including those controlled by the state, often use offshore companies for foreign direct investment (FDI). These expenses are not fully taken into account in official statistics.
At the same time, Russia invests in other countries more than it receives from them. From 2016 to 2020, Russia increased its investments in the CIS countries by 1.3 times. Infusions to Uzbekistan have grown the most – by 2.1 times (the second most popular country among Russian investors after Kazakhstan). Also, experts from the Eurasian Development Bank disclosed five leading FDI companies – LUKOIL, Gazprom, Atomenergoprom, Sberbank and Polymetal.
Earlier it was reported that Russia would provide Belarus with a loan of $ 1.5 billion to repay debt and refinancing of past loans.