In an article published Feb. 18, 2020, by the New York Times, Vladislav Inozemtsev, the director of the Center for Post-Industrial Studies in Moscow, was quoted as saying that “nobody wants to invest” in the Russian economy. He explained that “nobody believes the economic situation will be better tomorrow than it is today.” Inozemtsev’s comments imply that while the Kremlin has worked to make investors believe that the Russian economy is in good shape despite Western sanctions, these investors’ confidence in Russia is nonetheless low. We have decided to fact-check Inozemtsev’s claim because we believe that whether the Russian economy is perceived to be faring well and attracting investment or not is important as such perceptions are factored in when, for instance, the U.S. government assesses the effectiveness (or lack thereof) of its Russia sanctions policy.
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