A SUPPLEMENT TO EUROMONEY/APRIL 1998: EASTERN EUROPE
Bankers talk a lot about Russia’s potential to attract massive foreign investment. But, with only around $10 billion having been committed so far, foreign direct investment (FDI) has been slow in coming to Russia.
Part of the reason is that, to date, direct investments – as opposed to portfolio investments – in Russia have generally failed to produce returns for foreign investors, largely on account of the punitive tax regime.
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