Capital outflow from Russia increased almost three times :: Economy :: RBC

According to the Central Bank, in January—August 2018 the private sector has taken from Russia $26.5 billion versus $9.6 billion in the same period last year

Photo: Ekaterina Kuzmina / RBC

The growth rate of capital outflow from Russia continues to grow. If in January—July 2018 from the country the private sector had exported $21.5 billion (versus $8.7 billion in the first seven months of 2017), by results of January—August, net capital outflows rose to $26.5 billion versus $9.6 billion in the same period last year, according to the message of Bank of Russia.

Thus, the total net outflow of capital from the private sector in the first eight months of 2018 were 2.76 times more than in January—August of 2017. In January—July difference in the years was less than 2.5 times.

Initially, the Central Bank forecast that capital outflow from Russia by the end of 2018 will reach $19 billion, but sanctions have forced the regulator to raise the forecast to $30 billion.

In early September of 2018 its forecast on capital outflow in the current year more than doubled, economic development — with $18 billion to $41 billion In Department noted that the tightening monetary policy of the Federal reserve system of the United States and the strengthening of foreign trade restrictions have a negative impact on the propensity of investors to invest in emerging economies.
 

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