Germany and the U.S. hold the top spots in terms of the number of their investment projects in Russia. „The number of German projects has risen by almost 20 percent – from 36 to 43. For the U.S. 2016 was a record year: The number of projects by American companies went up by 31 percent to reach 38 – which is the highest level in the whole period since the research began,“ notes Alexander Ivlev, Ernst & Young country managing partner for Russia.