Russian Multinationals FDI Outflows Geography: the Emerging Dominance of Greater Europe

Moderation of Russian MNEs capital outflows has recently become a severe problem for the
Russian economic policy regulatory, which are now in a great need of the real picture of the
Russian outward foreign direct investment (FDI) geography without distortions by official statistics
with its data on indirect FDI via offshores. This datum clearly depicts the dominance of European
vector in the Russian outward FDI geography. At the end of the article, some measures for
regulation of FDI outflows are offered for diversification of the Russian outward FDI orientation.
Bilateral investment and double taxation treaties are main measures of institutional support and
state insurance of investments discussed as a key element of support for mature projects abroad.