1 International Investment Activities of Russian Corporations

This paper examines the increased presence of Russian companies in the global market place as a direct result of the growing economic importance of the Russian economy. Russian companies in oil and gas, metals, mining, forestry, power generation and distribution, manufacturing, nuclear technology, and agriculture industries are now integral parts of the global economy due to the long recovery and growth of the Russian economy since the 1998 crisis. High oil prices and high commodity have driven economic growth that has now spread to other sectors of the economy that include manufacturing, housing, retail, and office construction, consumer goods, and the provision of services. The high level of growth and opening of the international market place to Russian companies have led to the development of alliances and joint ventures involving Russian domiciled companies, increasing cross-border mergers and acquisitions, and the placement of Russian company equity and debt in the international capital market. This paper provides a description of the current condition of international activities of Russian companies and a theoretica