American Firms’ Russian Investments 9 TIMES Higher Than Officially Reported

US firms with operations in Russia have been making a lot more investing in the country than what is officially being reported.

According to a joint survey based on data from 160 companies over the past five years, the American Chamber of Commerce in Russia (AmCham) and Ernst & Young found that direct investments into Russia by American companies totalled $96.05 billion. According to the survey’s findings, US businesses invested over $2.2 billion into Russia’s economy in 2020, with plans to invest another $1.8 billion more this year.

A significant portion of the investments were allocated to Russia’s energy and natural resources sector, followed by investments in the country’s goods manufacturing sector. “Despite the decline in activity in 2020 … 84% of companies reported that they are planning to launch new projects in Russia in the near future. This is a record value during the time of our study. For 73.5% of [US] companies surveyed, Russia is a strategic market,” said Ernst & Young partner Sophia Azizian at a subsequent news conference.

The survey also found that 78% of respondents revealed that US sanctions are creating a significantly negative impact on their Russian-based business, compared to 80% in 2020. “The restrictions put American business at a disadvantage compared to companies from other countries and create reputational risk,” the survey acknowledged.

However, probably the most startling in AmCham findings was that “official statistics underestimate the actual level of economic relations between Russia and the US,” because bilateral investment data collected by the survey’s researchers was actually about 9 times higher compared to officially reported numbers.


Information for this briefing was found via AmCam. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

SSR Mining Q1 Earnings: Costs Continue To Climb

Recommended

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

PTX Metals Hits 235.1 Metres Of Copper, Nickel Mineralization In Longest Intercept To Date At W2

Related News

Western Nuclear Supplier Prepared to Replace Russian Uranium, Says Urenco CEO

In the midst of geopolitical tensions and energy security concerns, the head of Urenco, the...

Monday, February 12, 2024, 11:19:00 AM

Russia Cuts Off U.S. Uranium Supply, Sends Fuel To Allies Instead

Russia has enacted a ban on enriched uranium exports to the United States, redirecting supplies...

Monday, November 25, 2024, 11:02:05 AM

Russia Begins ‘Secret Trial’ of WSJ Reporter Accused of Stealing State Secrets

American journalist Evan Gershkovich’s trial on espionage charges began in Russia, marking 15 months since...

Wednesday, June 26, 2024, 09:48:00 AM

Russian Hackers Almost Took The US Electrical Grid Down

Hackers linked to Russia came dangerously close to shutting down a dozen U.S. electric and...

Wednesday, February 15, 2023, 03:05:50 PM

U.S. Races to Secure Nuclear Fuel as Russian Restrictions Take Hold

As the United States aims to triple its nuclear power capacity by 2050, concerns over...

Monday, December 2, 2024, 03:40:00 PM