Foreign inflows soared 50 per cent from 2002 as Russia attracted a record US$29.7 billion last year. Foreign loans led the gains with US$22.2 billion of the total US$29.7 billion according to the State Statistics Committee.
Foreign direct investment (FDI) rose 69 per cent to US$6.8 billion and portfolio investment fell 15 per cent to US$401 million.
The country is attracting funds from foreign banks and companies, as well as from Russians who took their money abroad after the fall of the Soviet Union.
Gross domestic product (GDP) expanded 7.3 per cent last year, the fastest pace since a record expansion of 10 per cent in 2000, according to the government.
