Mutual direct investment in the commonwealth of independent states: Problems, prospects, and lessons of the Ukrainian crisis

Abstract

This paper analyzes the development of investment cooperation between CIS countries based on the official statistics using alternative methods of calculating direct investment. Prospects of corporate integration are explored in view of the ongoing crisis over Ukraine and with respect to intensifying negative trends in the Russian economy that affect the macroeconomic situation in most post-Soviet countries. Special attention is paid to assessing the possibilities of closer cooperation in the investment field within the Eurasian Economic Union.