<?xml version="1.0" encoding="UTF-8"?>
<article xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:mml="http://www.w3.org/1998/Math/MathML" dtd-version="1.4" article-type="research-article">
  <front>
    <journal-meta>
      <journal-id journal-id-type="issn">2411-3336</journal-id>
      <journal-id journal-id-type="eissn">2541-9404</journal-id>
      <journal-title-group>
        <journal-title xml:lang="ru">Записки Горного института</journal-title>
        <journal-title xml:lang="en">Journal of Mining Institute</journal-title>
      </journal-title-group>
      <publisher>
        <publisher-name xml:lang="ru">Санкт-Петербургский горный университет императрицы Екатерины ΙΙ</publisher-name>
        <publisher-name xml:lang="en">Empress Catherine II Saint Petersburg Mining University</publisher-name>
      </publisher>
    </journal-meta>
    <article-meta>
      <article-id custom-type="pmi" pub-id-type="custom">pmi-7519</article-id>
      <article-id pub-id-type="uri">https://pmi.spmi.ru/pmi/article/view/7519</article-id>
      <article-categories>
        <subj-group subj-group-type="section-heading" xml:lang="ru">
          <subject>Экономика и менеджмент</subject>
        </subj-group>
        <subj-group subj-group-type="section-heading" xml:lang="en">
          <subject>Economics and management</subject>
        </subj-group>
      </article-categories>
      <title-group>
        <article-title xml:lang="en">Large scale investments in Russia’s infrastructure and natural resources sector</article-title>
      </title-group>
      <contrib-group>
        <contrib contrib-type="author" corresp="yes">
          <name name-style="eastern">
            <surname>Schumann</surname>
            <given-names>Thomas </given-names>
          </name>
          <name-alternatives>
            <name name-style="eastern" xml:lang="ru">
              <surname>Schumann</surname>
              <given-names>Thomas </given-names>
            </name>
            <name name-style="western" xml:lang="en">
              <surname>Schumann</surname>
              <given-names>Thomas </given-names>
            </name>
          </name-alternatives>
          <email>pmi@spmi.ru</email>
          <xref ref-type="aff" rid="aff1"/>
        </contrib>
        <aff-alternatives id="aff1">
          <aff>
            <institution xml:lang="ru">ТУ Бергакадемия Фрайберга (Германия)</institution>
          </aff>
          <aff>
            <institution xml:lang="en">TU Bergakademie Freiberg (Germany)</institution>
          </aff>
        </aff-alternatives>
      </contrib-group>
      <pub-date pub-type="epub" iso-8601-date="2008-03-17">
        <day>17</day>
        <month>03</month>
        <year>2008</year>
      </pub-date>
      <pub-date date-type="collection">
        <year>2008</year>
      </pub-date>
      <volume>174</volume>
      <fpage>171</fpage>
      <lpage>174</lpage>
      <history>
        <date date-type="received" iso-8601-date="2007-07-06">
          <day>06</day>
          <month>07</month>
          <year>2007</year>
        </date>
        <date date-type="accepted" iso-8601-date="2007-09-23">
          <day>23</day>
          <month>09</month>
          <year>2007</year>
        </date>
        <date date-type="rev-recd" iso-8601-date="2008-03-17">
          <day>17</day>
          <month>03</month>
          <year>2008</year>
        </date>
      </history>
      <permissions>
        <copyright-statement xml:lang="ru">© 2008 Thomas  Schumann</copyright-statement>
        <copyright-statement xml:lang="en">© 2008 Thomas  Schumann</copyright-statement>
        <copyright-year>2008</copyright-year>
        <copyright-holder xml:lang="ru">Thomas  Schumann</copyright-holder>
        <copyright-holder xml:lang="en">Thomas  Schumann</copyright-holder>
        <license license-type="open-access" xlink:href="http://creativecommons.org/licenses/by/4.0" xml:lang="ru">
          <license-p>Эта статья доступна по лицензии Creative Commons Attribution 4.0 International (CC BY 4.0)</license-p>
        </license>
        <license license-type="open-access" xlink:href="http://creativecommons.org/licenses/by/4.0" xml:lang="en">
          <license-p>This article is licensed under a Creative Commons Attribution 4.0 International License (CC BY 4.0)</license-p>
        </license>
      </permissions>
      <self-uri xlink:type="simple" xlink:href="https://pmi.spmi.ru/pmi/article/view/7519">https://pmi.spmi.ru/pmi/article/view/7519</self-uri>
      <abstract xml:lang="ru">
        <p>Общеизвестно, что потребности России в крупномасштабных инвестициях в развитие инфраструктуры и добычу полезных ископаемых могут быть покрыты только с помощью прямых иностранных инвестиций. Без использования иностранных капиталов и ноу-хау Россия может упустить шанс развития всей экономики в целом и потерять доходы от экспорта. Рассматриваются условия, являющиеся предпосылками для привлечения крупномасштабных прямых иностранных инвестиций, которые в настоящее время все чаще реализуются через структуры проектного финансирования.</p>
      </abstract>
      <abstract xml:lang="en">
        <p>Russia has a significant need for large-scale investment in infrastructure and natural resource extraction. It is generally accepted that these needs can only be met through foreign direct investment (FDI). Without an inflow of capital and know-how, Russia will miss chances to grow its entire economy and lose export revenues. This article pays special attention to the conditions for attracting large-scale FDI, which today is increasingly realized through the creation of project finance structures.</p>
      </abstract>
    </article-meta>
  </front>
  <body/>
  <back>
    <ref-list>
      <ref id="ref1">
        <label>1</label>
        <mixed-citation xml:lang="ru">Bradshaw M. (2006): Sakhalin Projects Show Why Russia Still Needs Foreign Investors, in: Pacific Russia Oil &amp; Gas Report, Winter 2005/2006, URL: www.geog.le.ac.uk/staff/mjb41/articles/Sakhalin_Foreign_Investors.pdf.</mixed-citation>
      </ref>
      <ref id="ref2">
        <label>2</label>
        <mixed-citation xml:lang="ru">EBRD (1997): Sakhalin II (Phase 1) Oil Project – Project Summary Document, URL: www.ebrd.com/rojects/psd/psd1997/3321.htm [access: April 24, 2007].</mixed-citation>
      </ref>
      <ref id="ref3">
        <label>3</label>
        <mixed-citation xml:lang="ru">EBRD (2001a): Natural Resources – April 2001, London (EBRD).</mixed-citation>
      </ref>
      <ref id="ref4">
        <label>4</label>
        <mixed-citation xml:lang="ru">EBRD (2001b): Transition Report 2001 – Energy in Transition, London (EBRD).</mixed-citation>
      </ref>
      <ref id="ref5">
        <label>5</label>
        <mixed-citation xml:lang="ru">EBRD (2005): Sakhalin II (Phase 2) Oil Project – Environmental Impact Assessment, URL: www.ebrd.com/projects/eias/russia/5897.htm [access: April 24, 2007].</mixed-citation>
      </ref>
      <ref id="ref6">
        <label>6</label>
        <mixed-citation xml:lang="ru">Esty B.C. (2003): The Economic Motivations for Using Project Finance, Harvard Business School (mimeo), URL: www.people.hbs.edu/besty/BCE%20PF%20Motivations%202-14-03.pdf.</mixed-citation>
      </ref>
      <ref id="ref7">
        <label>7</label>
        <mixed-citation xml:lang="ru">Esty B.C. (2004): Why Study Large Projects? An Introduction to Research on Project Finance, in: European Financial Management, 10(2), pp. 213-224.</mixed-citation>
      </ref>
      <ref id="ref8">
        <label>8</label>
        <mixed-citation xml:lang="ru">Esty B.C., Megginson W.L. (2003): Creditor Rights, Enforcement, and Debt Ownership Structure: Evidence from the Global Syndicated Loan Market, in: Journal of Financial and Quantitative Analysis, 38(1), pp. 37-59.</mixed-citation>
      </ref>
      <ref id="ref9">
        <label>9</label>
        <mixed-citation xml:lang="ru">Financial Times (2007): Project Finance Jumps 35 %,URL: www.ft.com [access: April 24, 2007].</mixed-citation>
      </ref>
      <ref id="ref10">
        <label>10</label>
        <mixed-citation xml:lang="ru">Garibaldi P., Mora N., Sahay R., Zettelmeyer J. (2002): What Moves Capital to Transition Countries? IMF Working Paper 02/64.</mixed-citation>
      </ref>
      <ref id="ref11">
        <label>11</label>
        <mixed-citation xml:lang="ru">Hainz C. (2002): Project Financing in Transition Economies, in: Forost Arbeitspapier Nr. 5 – Transition Economies: Cyclical Behaviour, Tariffs and Project Financing, p. 29-48.</mixed-citation>
      </ref>
      <ref id="ref12">
        <label>12</label>
        <mixed-citation xml:lang="ru">International Herald Tribune (2006): S&amp;P Finds Little Progress on Transparency in Russia, URL: www.iht.com/articles/2006/11/08/business/ruble.php [access: April 24, 2007].</mixed-citation>
      </ref>
      <ref id="ref13">
        <label>13</label>
        <mixed-citation xml:lang="ru">Liuhto K. (2007): A future Role of Foreign Firms in Russia’s Strategic Industries, Electronic Publications of Pan-European Institute 4/2007, URL: www.tukkk.fi/pei/verkkojul-kaisut/liuhto_42007.pdf [access: April 24, 2007].</mixed-citation>
      </ref>
      <ref id="ref14">
        <label>14</label>
        <mixed-citation xml:lang="ru">PMR Publications (2006): Russia’s Construction Industry: Profits up by Nearly 70 %, URL: www.pmrpublications.com/index.php?pr_id=55 [access: April 24, 2007].</mixed-citation>
      </ref>
      <ref id="ref15">
        <label>15</label>
        <mixed-citation xml:lang="ru">The Banker (2004): Russia’s Project Finance Challenge, Special Supplement October 2004, London (FTB).</mixed-citation>
      </ref>
      <ref id="ref16">
        <label>16</label>
        <mixed-citation xml:lang="ru">Yescombe E.R. (2002): Principles of Project Finance, Amsterdam et al. (Academic Press).</mixed-citation>
      </ref>
    </ref-list>
  </back>
</article>
