the Net outflow of capital from Russia in January—may 2020 amounted to $33.5 billion, follows from the data of the Bank of Russia.
Thus, net capital outflow from the country has increased for the first 5 months of the year by 18.8% compared to $28.2 billion a year earlier.
according to the regulator, the growth in net lending to the rest of the world the private sector was “the result of more visible compared to the same period last year, decrease in foreign liabilities of banks while maintaining a comparable level of operations of other sectors for the placement of funds abroad”.
Recall that on 17 January, the Central Bank reported net capital outflow from Russia at the end of last year amounted to $26.7 billion, showing a decrease of export by 2.4 times, compared with $63 billion a year earlier.
Then the regulator noted that “a decisive impact on the specified amount provided the reduction in foreign liabilities of banks, while contribution of the other sectors net lending to the rest of the world has significantly reduced.”
on 7 February the Bank of Russia has revised its expectation for net capital outflow from the country this year — from $20 billion to $15 billion. in addition, it had lowered the estimate of the net outflow of capital from Russia in 2021 and 2022, from $15 billion to $10 billion.
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