FOREIGN INVESTMENT STILL LOW.

In an analysis of investment trends, Novoe vremya(no. 16) noted that foreigners had invested only $1.2 billion in the Russian economy during 1994, far less than had gone to China and a drop in the bucket for a country with 150 million people. Moreover, all but $200 million of this had gone into a single sector–oil and natural gas development. The journal suggested that Chechnya and crime were the biggest reasons for the low level of investment, but it scored Russian obstacles including protectionism and bureaucratic delays as well.

“The West is No Longer Interested.”