FAS: more than 7 billion USD were attracted to the strategic sectors of Russian economy in 2016

Head of FAS Department for Control over Foreign Investments, Andrey Yunak, took part in a discussion platform of the Business-Club of the “Kommersant” Publishing House: “Investment climate in Russia in the period of global economic turbulence”.

The dialogue of the event guests and experts focused on discussing the investment climate in Russia and FAS efforts to control foreign investments.

Andrey Yunak pointed out an increased investment flow in 2016. He clarified that “talking about the outcome of the past year, more than 7 billion USD were attracted to the strategic sectors of Russian economy as investments”, and mentioned that if the external situation had been positive, the scope of investments could have been twofold or threefold bigger.

Answering the questions from the event participants, Andrey Yunak drew attention to the fact that recommendations of the Russian Government to limit Chinese investments are nothing but a myth. “We know nothing about such a recommendation. Moreover, one of the approved transactions in 2016 concerned purchasing 10% shares of “SIBUR Holding” PJSC by Chinese Silk Road Fund, which is in complete contradiction to any such ideas. Recently investors from China have been demonstrating an unprecedented activity”, said Andrey Yunak.