Overseas investment in russia tops £23 billion

The figures, up by more than £2 billion since 2010, were revealed by Russian Prime Minister Vladimir Putin at the end of year meeting of his government's Commission on Foreign Investment.

Russia has sought to attract new foreign investors, particularly in areas such as food, medicine, banking and mining.

It is already home to the world's wealthiest expats and most expensive hotels for business travellers.

Speaking to the Moscow Times, Andrei Tsyganov, Russia's federal Anti-Monopoly Service deputy director, said: "Russian markets have always been open in some way for international investment.

Source: Telegraph.co.uk