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Flow-Through Capital Despite Sanctions: Russian Investments in Austria Continue to Flow
While international tensions and the war in Ukraine, which has been going on for more than two years, are putting a heavy strain on relations between Russia and the West, Austria remains a remarkably robust magnet for Russian investment. Contrary to expectations that the extensive international sanctions against Russia would curb capital flows, the latest data from the Austrian Ministry of Economic Affairs' investment control report shows a different reality: Russian investments in Austria rose by 14% to EUR 25.5 billion in the first half of 2022.
Russian investments in Austria are not decreasing despite Moscow's war of aggression against Ukraine, which has been going on for more than two years. / Picture: © RIA Novosti archive, image #978876 / Alexey Kudenko / CC-BY-SA 3.0
This increase in Russian direct investment is particularly noteworthy as it occurred at a time when relations between Russia and the West were particularly tense. Austria has established itself as the second most important target country for Russian foreign investment after Cyprus, as reported by ORF. Experts at the Austrian…
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