Russian multinational firms are on their way to recovery following the financial crisis and are set to resume foreign investment projects, according to a study.

The research, conducted by the Institute of World Economy and International Relations, the Russian Academy of Sciences and the Vale Columbia Centre, found that at the end of 2009 the top 20 Russian firms accounted for a robust $107bn in foreign assets. Furthermore these companies had 202,000 employees abroad and close to 800 foreign affiliates in 87 countries. Total foreign sales equalled $198bn.

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These companies showed a strong preference for western and central Europe, where they have nearly half their foreign assets. Their least popular region was southern Asia.