Industrial and Geographical Diversification of Russian Foreign Direct Investments

Russia became an important origin of outward foreign direct investments (OFDI) only in the 2000s. Such a boom of Russian OFDI was mostly supported by oil, gas and metal companies, especially in the European Union and the CIS countries, as well as in the United States. However, in fact, Russian transnational corporations (TNCs) belong to a great variety of industries. Geographical priorities of some Russian companies are also very diverse.The key task of the article is an explanation of the Russian OFDI diversification. The section 2 deals with the evolution of the Russian investment expansion abroad. Russian TNCs from various industries are described in the section 3 while new possible geographical priorities of Russian investors are analyzed in the section 4. Conclusions are given in the section 5