The volume of foreign investments in the Russian economy in the first nine months of 2002 amounted to $12.905bn, which was 32.8 percent more than in the corresponding period of 2001, the Russian State Statistics Committee reported.
Direct foreign investments were $2.631bn, declining by 9.9 percent against the first three quarters of 2001. Portfolio investments amounted to $224m decreasing by 23.3 percent. Other investments reached $10.05bn gaining 54.4 percent as compared to the first nine months of 2001. In this sum, commercial credits were $1.482bn (the growth by 15 percent); other credits amounted to $8.458bn (the growth by 63.8 percent).
In the reported period, the volume of foreign investments in the Russian manufacturing were $4.95bn; in trade and the restaurant business - $5.292bn; in communications - $313m; in financing, crediting, insurance and pension support - $105m; in transport - $114m; in construction - $57m; and in market infrastructure - $1.131bn.
Following Lithuania, Norway has joined the anti-Russian frenzy as well and declared a blockade against the Russian town of Barentsburg. However, Norway has not taken into account the fact that Svalbard is not its original territory