Kari Liuhto is Professor of International Business at the Turku School of Economics, the University of Turku, Finland.Sergei Sutyrin is Professor and Head of the World Economy Department, Saint Petersburg State University, and the WTO chair holder since 2010.Jean-Marc F. Blanchard is Distinguished Professor at the School of Advanced International and Area Studies, East China Normal University, China, and Executive Director at the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations, USA.

Foreign Direct Investment in China – Deng, 2011, 149 hardback, 26 paperback, 53 ebooks, 228 / £12,064 totalThe Political Economy of Putin’s Russia- Sutela, 2012, 335 hardbacks, 43 paperbacks, 121 ebooks, 499/ £24,985 totalRussia Moves into the Global Economy- Letiche, 2007, 389 hardbacks, 75 paperbacks, 226 ebooks, 690/ £18,327 total

• List of Figures List of Tables About the Contributors Abbreviations and Acronyms 1 Introduction Kari Liuhto2 Global FDI Trends Jean-Marc F. Blanchard3 Maturing Strategies of Russian Multinational Companies:A Historical Perspective Wladimir Andreff4 Investment Relations between Russia and the USA Alexey Kuznetsov5 Do Formal Institutions Really Matter for Foreign Direct Investments to the Russian Federation? The Case of FDI Flows from the European Union to Russia Sergei Sutyrin and Olga Trofimenko6 Investment Relations between Sweden and Russia Torbjörn Becker7 Russian FDI in Finland: Empirical Evidence from a Knowledge-Driven Investment Kari Liuhto and Elisa Aro8 Russian Indirect Investment in the Estonian Information and Communications Technology Sector Alari Purju9 Political Risk of Western Oil and Gas Investments in Russia: Review of Media Coverage on ExxonMobil and Total in the Russian Arctic Hanna Mäkinen and Eini Haaja10 Russian Foreign Direct Investments in the Eurasian Economic Union Elena Efimova and Vladimir Sherov-Ignatev 11 Outward Investments from China and Russia: The Case of the Sino-Russian Investment Relationship Andrei Panibratov and Liubov Ermolaeva12 Investment Cooperation between Russia and the Republic of Korea during 1999–2009:Major Trends and Main Lessons Irina A. Korgun13 Turkish Multinationals in Russia Caner Bakır and Nuran Acur14 Russian Outward Foreign Direct Investments in Latin America: Contemporary Challenges and Prospects Alexandra Koval15 Does Ownership Matter in an OFDI Decision of a Russian Firm? The Case of Russia’s Ten Largest Investors Abroad Kari Liuhto16 Conclusion Sergei SutyrinIndex

Kari Liuhto is Professor of International Business at the Turku School of Economics, the University of Turku, Finland.Sergei Sutyrin is Professor and Head of the World Economy Department, Saint Petersburg State University, and the WTO chair holder since 2010.Jean-Marc F. Blanchard is Distinguished Professor at the School of Advanced International and Area Studies, East China Normal University, China, and Executive Director at the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations, USA.

Foreign Direct Investment in China – Deng, 2011, 149 hardback, 26 paperback, 53 ebooks, 228 / £12,064 totalThe Political Economy of Putin’s Russia- Sutela, 2012, 335 hardbacks, 43 paperbacks, 121 ebooks, 499/ £24,985 totalRussia Moves into the Global Economy- Letiche, 2007, 389 hardbacks, 75 paperbacks, 226 ebooks, 690/ £18,327 total

• List of Figures List of Tables About the Contributors Abbreviations and Acronyms 1 Introduction Kari Liuhto2 Global FDI Trends Jean-Marc F. Blanchard3 Maturing Strategies of Russian Multinational Companies:A Historical Perspective Wladimir Andreff4 Investment Relations between Russia and the USA Alexey Kuznetsov5 Do Formal Institutions Really Matter for Foreign Direct Investments to the Russian Federation? The Case of FDI Flows from the European Union to Russia Sergei Sutyrin and Olga Trofimenko6 Investment Relations between Sweden and Russia Torbjörn Becker7 Russian FDI in Finland: Empirical Evidence from a Knowledge-Driven Investment Kari Liuhto and Elisa Aro8 Russian Indirect Investment in the Estonian Information and Communications Technology Sector Alari Purju9 Political Risk of Western Oil and Gas Investments in Russia: Review of Media Coverage on ExxonMobil and Total in the Russian Arctic Hanna Mäkinen and Eini Haaja10 Russian Foreign Direct Investments in the Eurasian Economic Union Elena Efimova and Vladimir Sherov-Ignatev 11 Outward Investments from China and Russia: The Case of the Sino-Russian Investment Relationship Andrei Panibratov and Liubov Ermolaeva12 Investment Cooperation between Russia and the Republic of Korea during 1999–2009:Major Trends and Main Lessons Irina A. Korgun13 Turkish Multinationals in Russia Caner Bakır and Nuran Acur14 Russian Outward Foreign Direct Investments in Latin America: Contemporary Challenges and Prospects Alexandra Koval15 Does Ownership Matter in an OFDI Decision of a Russian Firm? The Case of Russia’s Ten Largest Investors Abroad Kari Liuhto16 Conclusion Sergei SutyrinIndex

Kari Liuhto is Professor of International Business at the Turku School of Economics, the University of Turku, Finland.Sergei Sutyrin is Professor and Head of the World Economy Department, Saint Petersburg State University, and the WTO chair holder since 2010.Jean-Marc F. Blanchard is Distinguished Professor at the School of Advanced International and Area Studies, East China Normal University, China, and Executive Director at the Mr. & Mrs. S.H. Wong Center for the Study of Multinational Corporations, USA.

Foreign Direct Investment in China – Deng, 2011, 149 hardback, 26 paperback, 53 ebooks, 228 / £12,064 totalThe Political Economy of Putin’s Russia- Sutela, 2012, 335 hardbacks, 43 paperbacks, 121 ebooks, 499/ £24,985 totalRussia Moves into the Global Economy- Letiche, 2007, 389 hardbacks, 75 paperbacks, 226 ebooks, 690/ £18,327 total

• List of Figures List of Tables About the Contributors Abbreviations and Acronyms 1 Introduction Kari Liuhto2 Global FDI Trends Jean-Marc F. Blanchard3 Maturing Strategies of Russian Multinational Companies:A Historical Perspective Wladimir Andreff4 Investment Relations between Russia and the USA Alexey Kuznetsov5 Do Formal Institutions Really Matter for Foreign Direct Investments to the Russian Federation? The Case of FDI Flows from the European Union to Russia Sergei Sutyrin and Olga Trofimenko6 Investment Relations between Sweden and Russia Torbjörn Becker7 Russian FDI in Finland: Empirical Evidence from a Knowledge-Driven Investment Kari Liuhto and Elisa Aro8 Russian Indirect Investment in the Estonian Information and Communications Technology Sector Alari Purju9 Political Risk of Western Oil and Gas Investments in Russia: Review of Media Coverage on ExxonMobil and Total in the Russian Arctic Hanna Mäkinen and Eini Haaja10 Russian Foreign Direct Investments in the Eurasian Economic Union Elena Efimova and Vladimir Sherov-Ignatev 11 Outward Investments from China and Russia: The Case of the Sino-Russian Investment Relationship Andrei Panibratov and Liubov Ermolaeva12 Investment Cooperation between Russia and the Republic of Korea during 1999–2009:Major Trends and Main Lessons Irina A. Korgun13 Turkish Multinationals in Russia Caner Bakır and Nuran Acur14 Russian Outward Foreign Direct Investments in Latin America: Contemporary Challenges and Prospects Alexandra Koval15 Does Ownership Matter in an OFDI Decision of a Russian Firm? The Case of Russia’s Ten Largest Investors Abroad Kari Liuhto16 Conclusion Sergei SutyrinIndex