Foreign Investment in Russia's Metallurgy Totaled USD 2.47 Billion in 2002

Foreign investment in Russian metallurgy totaled USD 2.47 billion in 2002, a year-on-year increase of 60%. Investment in nonferrous metallurgy increased by 170% while investment in ferrous metallurgy increased by 10%.

The leading foreign investor in Russian metallurgy last year was Switzerland, which invested USD 667 million (27% of the total sum of foreign investments). Great Britain was the leading investor in nonferrous metallurgy with 20.7% of total foreign investments and Switzerland was the leading investor in ferrous metals with 40.6% of total foreign investments.