The paper focuses on the emergence of Russia's multinational companies.
It aims to analyse their motives to internationalise as well as the
approaches to internationalisation. While relevance of the theoretical
perspectives is highlighted, the intention of the paper is to contribute
to the understanding of the present-day phenomenon of emerging Russian
multinationals; a phenomenon that has been largely overshadowed by the
remarkable rise of Chinese and Indian companies. A special attention is
devoted to the R&D activities of Russian multinational companies, and
access to foreign technology as a driver of corporate restructuring. A
discussion of the challenges and opportunities for host countries and
policy implications is provided.
Keywords: Russia, multinational companies, emerging economies, foreign investment
JEL codes: F21, F23, L21, O32
UNU-MERIT Working Papers ISSN 1871-9872