OREANDA-NEWS. August 25, 2009. Foreign direct investment in Russia dropped 45% YoY in 1H09 to US6.1 bn, compared with the 43% drop posted for 1Q09, according to Rosstat, reported the press-centre of OTKRITIE FC.

View: These figures are quite disappointing given the weak baseline of 1H08, which had seen a 30% YoY drop in FDI. Clearly, this year has seen very few new investment deals, but these low figures also mirror a rather negative development indicating that shareholders are either unable, or unwilling, to support their Russian businesses from offshore.

Loans from co-owners were down 30.5% in the 1H09 compared with a 5.3% increase they’ve posted in 1Q09. This point is underscored by the fact that other types of investment have deteriorated at a much slower rate.