Net outflow of capital from Russia has doubled since the beginning of the year

12 May 2017, 22:01 | Economy
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For four months from the country withdrew $ 21 billion. The net outflow of capital from Russia in January-April 2017 increased 2.1 times, to $ 21 billion from $ 9.8 billion over the same period last year. This is reported by the Bank of Russia. "Unlike the situation a year ago, the banking sector's operations on the placement of funds abroad exerted a determining influence on the current level of net capital export with the continuing decrease in foreign liabilities of banks. Other sectors, on the contrary, were net importers of capital, "- said in the commentary of the Central Bank. At the same time, the current account surplus of Russia's balance of payments over the same period amounted to $ 25.7 billion, which is almost double the indicator for the same period in 2016.

The Central Bank noted that the determining factor was the strengthening of the trade balance due to a third increase in exports in conditions of higher world prices for fuel and energy products, with a moderate recovery in imports and a slight increase in the deficit of other components of the current account. As reported by the correspondent. Net, for three quarters of 2016 from Russia withdrew 18.8 billion dollars. The most popular countries for storing money from Russians were Switzerland, China and Latvia. Recall, following the results of 2015, the total amount of capital outflow from Russia amounted to almost $ 57 billion, and in 2014 - $ 53 billion.

Original article: Net capital outflow from Russia has doubled since the beginning of the year.




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