Trust in Russia – record breaker investments by foreign citizens

Only in October foreigners invested $130 million in Russian companies, that is the maximum since the end of March. Especially in gas and oil sector – the interest in which is raised by the energy crisis. Incomes of exporters are growing amid rising prices on gas and oil. The most of all foreigners invest in Gazprom, the second largest in the world in terms of capitalization. High spot prices and half-empty storage in Europe promise high returns.

But sooner or later – energy resources will become cheaper. In a few months, quotes on the world’s stock exchanges, including in Russia, may sink. This will weaken the interest of foreign investors.

Sberbank is also popular, showing a record net profit of 127 billion rubles in July. It is expected that by the end of the year, the country’s main credit institution will earn more than a trillion.

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