CBR: Russia’s Net Capital Outflow Was $76bn in 2018

25 March 2019 (09:23)

UrBC, Moscow, March 25, 2019. Russia’s Central Bank adjusted its net capital outflow estimates for the year 2018 from $67bn up to $76bn; additionally, the forecast for this year has been adjusted from $20bn up to $35bn, the bank reports.

According to the CBR, Russia’s net capital outflow amounted to $76bn last year. As recently as December 2018, the bank expected the figures to stand around $67.

The bank also says this year’s net capital outflow is expected to amount to $35bn rather than the $20bn originally expected in December. As for the years 2020 and 2021, the net capital outflow forecasts have been raised from $13bn to $17bn and from $11bn to $13bn, respectively.

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