Money is being replaced by other money // Direct investment in the CIS is on the move

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The imposition of sanctions affected investment flows within the CIS – due to the departure of Russian companies in the first half of this year, 30 foreign direct investment (FDI) projects were closed, the Eurasian Development Bank (EDB) calculated. At the same time, the accumulated volume of FDI continued to grow – this figure increased to $44.6 billion this year, but Kazakh and Azerbaijani investors, who are also active in the regional market, will not be able to fill all the vacant niches. This may lead to the activation of investors from other countries, primarily China, while Russian companies may increase their presence through the localization of production in Kazakhstan and other countries of the region.

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