Russians pour cash into overseas investments
Published 21 Nov, 2007 03:45 | Updated 21 Nov, 2007 06:45The amount of money invested overseas by Russians has soared by 56 per cent in the past 12 months. It now stands at more than $US 54 billion.
The Federal State Statistics Service says cumulative investment abroad stood at $US 28 billion at the end of September.
The top destination for investment by Russian firms was the United States, followed by Cyprus and Austria.
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