Russia: Net Capital Outflow Up 1.3 Times

12 September 2019 (09:10)

UrBC, Moscow, September 12, 2019. Russia’s net capital outflow increased by 1.3 times in January-August 2019 compared with one year earlier and reached $26.1bn, Interfax refers to the Bank of Russia’s reports as indicating.

According to the Central Bank, the increase in the capital outflow was mainly brought about by banks and other organizations building up on their foreign assets.

Based on the CBR’s recently adjusted forecast, provided the yearly average oil prices stay at $63 per barrel (baseline scenario), Russia’s net capital outflow will amount to around $40bn in 2019.

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