MOSCOW, Russia- In the first nine months of this year foreign investment in Russia dropped 30% to approximately US$6.32 billion, reports the Russian federal bureau for statistics. During the same period last year investment equaled US$9.11 billion.
The lower numbers reflect the investor distrust and the country's general economic malaise. Russia is still dealing with the aftermath of the currency crises of August 1998 when the value of the ruble bottomed out. (JW)