Bloomberg: Investments in the Russian economy are growing despite sanctions
Despite the global crisis and unprecedented sanctions pressure, there has been an increase in investment in the Russian economy. There was nothing like this during the crisis of 2008 and the Crimean events of 2014, Bloomberg analysts write in their study.
Experts remind that as early as the beginning of last year, the aforementioned indicator was expected to fall by almost a quarter. Meanwhile, after almost 12 months of Russia being under Western sanctions, financial injections into the Russian economy even slightly increased compared to the pre-crisis period.
However, as American analysts write, there is a simple explanation for this.
The thing is that Russia is now completely restructuring supply chains and production, establishing ties with new partners, and is also intensively engaged in import substitution. All this requires capital investments, which today are fully provided by the state.
At the same time, according to experts, the situation in the field of private investment is somewhat more complicated. Both foreign and Russian investors are afraid to invest in the Russian economy, finding alternatives. The stock market of Russia has also been "trampling" at a minimum for a long time. However, its irreversible collapse was not allowed. Understanding investors take advantage of the situation to make money on this, and therefore often even expand their business in Russia.
As a result, according to a study by Bloomberg, in the near future, state investments in the Russian economy will continue to grow, while the volume of private investments will decrease. At the same time, American experts call this trend quite normal, since in times of crisis it is the state that should take full responsibility.
Meanwhile, analysts warn that in the medium and long term, this practice is not the most effective, as it greatly depletes the state's foreign exchange reserves.
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