Russia: Capital Outflow Up 1.5 Times

UrBC, Moscow, August 11, 2017. Russia’s net capital outflow amounted to $13.1bn in January-July 2017, which exceeded the figures for one year previously by $4.3bn, or 1.5 times, Central Bank states.

The money mostly left the country through the banking sector. According to the regulatory authority, banks have to both keep handing their international debt burden (comparable with that for last year) and place their funds abroad.

At the same time, in contrast to last year, other economic players proved net capital importers and switched from international asset expansion to attracting foreign investment, the Central Bank reports.

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