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Russian outward FDI and its policy context

Andrei Panibratov; Kalman Kalotay

Title:
Russian outward FDI and its policy context
Author(s):
Panibratov, Andrei
Kalotay, Kalman
Date:
Type:
Working papers
Department:
Vale Columbia Center on Sustainable International Investment
Permanent URL:
Publisher:
Vale Columbia Center on Sustainable International Investment
Publisher Location:
New York
Abstract:
Outward foreign direct investment (OFDI) from Russia often surprises outside observers by its landmark deals. One of them was the purchase in September 2009 of a 55% stake in General Motors' German affiliate Opel by a consortium of the Canadian car maker Magna and the Russian state-owned bank Sberbank. The latter is the largest creditor of the Russian car maker GAZ, and may represent its commercial interests in the contract. With this deal, Russia has bought into the industrial heartland of the world economy and could potentially access more advanced technology. This acquisition hints at the growth of Russian OFDI in general, which has prospered despite fears in many host countries that the investors are subject to Russian political interference, a fear that recently announced Russian policy intentions may allay.
Subject(s):
Finance
Economics
Item views:
363
Metadata:
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