American companies operating in Russia have made direct investments amounting to a total of $96.05 billion, according to the sixth annual joint survey of the American Chamber of Commerce in Russia (AmCham) and Ernst & Young.
The survey, which focused on the prospects for direct investment and bilateral trade between Russia and the US, was based on data from 160 companies. According to its findings, US firms invested more than $2.2 billion in the Russian economy in 2020 alone, and plan to invest around $1.8 billion more in 2021. Over a half of this money will go to Russia’s energy and natural resources industry.