A new dual pattern of integration into the global economy is emerging in Russia at present. It involves two different channels of transnational migration of capital. Through the first channel n increasing export of capital in ‘strategic’ industries is observed. Through the second channel domestic FMCG markets are intensively penetrated by major global companies. Using an original dataset collected on 68 Russian food market segments we examine the links between increasing dominance of global producers, type of the market segments, the level of market concentration, and economic growth rates.