Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/295238 
Authors: 
Year of Publication: 
2024
Series/Report no.: 
BOFIT Policy Brief No. 4/2024
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
Abstract: 
A sharp increase in fixed investment has been a key factor supporting Russia's economy in recent years. This brief highlights the drivers of Russia's recent investment boom. During 2022, the first year of the full-blown war in Ukraine, investment growth was dominated by increased budget spending, war-related investment in construction of transport and warehouse infrastructure, as well as investment in oil & gas production in western Siberia. In 2023, the emphasis in investment growth shifted to firms funding investment out of pocket and manufacturing, particularly firms involved in war-related or resource-intensive branches. Although intellectual property (IP) only represents a small share of Russia's total investment, IP investment has increased sharply in recent years.
Subjects: 
Russia
war
economy
investment
Persistent Identifier of the first edition: 
Document Type: 
Research Report

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