According to Mr. Alexander Garese, a French lawyer who deals both in Europe and the CIS, Russian foreign investments amounted to almost 17 billion dollars in H-1 of 2005. Mr. Garese added that 7 main countries are responsible for about 82 percent of the total foreign investments. The countries were Cyprus, Luxemburg, Netherlands, Germany, Great Britain, the United States and France.
Mr. Garesi added that the investment potential of the Russian economy exceeds the current level of investment by far. Investing in stocks, according to Garese, could be the best way for investors to make the most money on the Russian financial market. Garese mentioned in this respect the favorable trends on world raw material markets, and a large amount of available ruble resources that will not likely decrease amid an expected large inflow of export receipts to Russia.
He added the oil prices will continue to go up this year, which will boost the economic growth of Middle Eastern states, such as Saudi Arabia, UAE and Qatar. The same is applied to Russia, Garesi stressed.
