The Russian Economy and Foreign Direct Investment  book cover
1st Edition

The Russian Economy and Foreign Direct Investment

ISBN 9780367668044
Published September 30, 2020 by Routledge
296 Pages

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USD $48.95

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Book Description

Before the recent Ukrainian crisis, Russia was one of the main sources of foreign direct investment (FDI) outflow and one of the main targets of FDI inflow in the world. However, the events in the Ukraine, the formation of the Eurasian Economic Union, and China’s growing interest in the Russian market and its natural resources have changed the picture completely.

This new book brings together an international group of contributors to present a timely and comprehensive analysis of FDI to and from Russia. The book assesses the impact of the changed international political situation on foreign firms operating in Russia, and explores how the new world context has affected Russian investments abroad. The book also considers the future relationship between Russian corporations and the EU and the USA in light of recent events. This book answers an array of key questions including: how have investments from and to Russia developed in the last 100 years; how are Russian businesses spreading to foreign countries through their indirect investments; and how is the Russian Government influencing the investments of Russian businesses abroad?

This volume is of great interest to those who study international economics, modern world economy, and FDI, as well as those interested in international investment movements and the changing role of Russia in international business and the global economy.


Table of Contents

List of Figures

List of Tables

About the Contributors

Abbreviations and Acronyms

1 Introduction

Kari Liuhto

2 Global FDI Trends

Jean-Marc F. Blanchard

3 Maturing Strategies of Russian Multinational Companies:

A Historical Perspective

Wladimir Andreff

4 Investment Relations between Russia and the USA

Alexey Kuznetsov

5 Do Formal Institutions Really Matter for Foreign Direct Investments to the Russian Federation? The Case of FDI Flows from the European Union to Russia

Sergei Sutyrin and Olga Trofimenko

6 Investment Relations between Sweden and Russia

Torbjörn Becker

7 Russian FDI in Finland: Empirical Evidence from a Knowledge-Driven Investment

Kari Liuhto and Elisa Aro

8 Russian Indirect Investment in the Estonian Information and Communications Technology Sector

Alari Purju

9 Political Risk of Western Oil and Gas Investments in Russia: Review of Media Coverage on ExxonMobil and Total in the Russian Arctic

Hanna Mäkinen and Eini Haaja

10 Russian Foreign Direct Investments in the Eurasian Economic Union

Elena Efimova and Vladimir Sherov-Ignatev

11 Outward Investments from China and Russia: The Case of the Sino-Russian Investment Relationship

Andrei Panibratov and Liubov Ermolaeva

12 Investment Cooperation between Russia and the Republic of Korea during 1999–2009:

Major Trends and Main Lessons

Irina A. Korgun

13 Turkish Multinationals in Russia

Caner Bakır and Nuran Acur

14 Russian Outward Foreign Direct Investments in Latin America: Contemporary Challenges and Prospects

Alexandra Koval

15 Does Ownership Matter in an OFDI Decision of a Russian Firm? The Case of Russia’s Ten Largest Investors Abroad

Kari Liuhto

16 Conclusion

Sergei Sutyrin


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Kari Liuhto is Professor of International Business at the Turku School of Economics, the University of Turku, Finland.

Sergei Sutyrin is Professor and Head of the World Economy Department, Saint Petersburg State University, and the WTO chair holder since 2010.

Jean-Marc F. Blanchard is Distinguished Professor at the School of Advanced International and Area Studies, East China Normal University, China, and Executive Director at the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations, USA.


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