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Capital outflow from Russia increased 1,9 times in five months - EastRussia | Far East

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Capital outflows from Russia increased 1,9 times in five months

Capital outflows from Russia increased 1,9 times in five months
Photo: pixabay.com

According to statistics from the Central Bank, the net outflow of capital from Russia amounted to 35,2 billion dollars from January to May 2019. This figure is almost 1,9 times higher than the data for the same period last year. In 2018, it amounted to 18,9 billion dollars, according to a report on Online departments.

"The value of the indicator was formed mainly as a result of operations of banks and other sectors on the acquisition of foreign assets, while the contribution of changes in external liabilities was minimal," the Central Bank noted, adding that last year the amount of money exported abroad by private enterprises amounted to 63,3 billion dollars, and in 2017 - 25,1 billion dollars.