Russia registered its lowest number of foreign investment projects in 2019 since 2014, according to the consultancy EY. In total, the company counted 191 deals across the country which secured foreign investment last year. More than half of all foreign investment went into industrial projects from a total of $26.9 billion, according to the Central Bank. The Russian government had been planning to attract more overseas investors, but these ideas were scuppered by coronavirus pandemic that has shocked the global economy. Meanwhile, FDI into Russia’s digital and technology sectors fell by almost 60 percent to just 10 projects. Russia ranked ninth in Europe in terms of number of projects, accounting for 3 percent of all FDI on the continent last year, EY added.
