The wave of Foreign Direct Investment in Russia started during 1990s, when the Law on Joint Ventures with firms from capitalist countries was passed. Initially, there was not much foreign investment. Later, in the year 2003, Russia attracted huge FDI and was placed third in FDI projects in the world, beating both China and the US. This article primarily focuses on FDI in Russia and also discusses some relevant issues.

Foreign Direct Investment is seen growing faster than world GDP and is becoming a key factor of foreign investment. There has been a one-way flow of FDI between the developed and developing economies, and a two-way flow of FDI between the developed economies. Russian Finance Minister Alexei Kudrin's handling of the country's oil windfall was the mere indication for those who thought that Russia was able to pursue sensible fiscal. He has managed the petroroubles prudently and the contribution he has made to Russia's economic stability is impressive.

Foreign, Direct Investment, Law on Joint Ventures, FDI, Sharing Agreements, Federal, regional , FIAC, ForeignInvestment, Advisory Council,world GDP, key factor, FDI, developingeconomies, Russian Finance, Minister Alexei Kudrin'sl, windfall,indicat.