*Estimated. Sources: The World Bank, EPFR Global, OECD, Renaissance Capital
Russia is seeking $60 billion to $90 billion in foreign investment over the next five years to help modernize its economy. However, recent protests over parliamentary elections have highlighted the need for greater transparency and governance.
BRIC nations saw more than $10.7 billion in equity fund outflows during 2011. Investors appear to have more confidence in Russia than its counterparts.
Some experts believe that lower goods and services tariffs, improved market access and subsequent capital accumulation could add 11% to Russia's GDP in the long term.
The greatest beneficiaries of Russia's WTO accession appear to be metals and mining groups, while food and light construction will suffer from increased competition.