Renewed capital outflows from the Russian finrynkov

Investors in the week to June 17 were taken from funds focused on Russian assets and bonds (including funds oriented not only on Russian), $120 million, follows from the data of Emerging Portfolio Fund Research (EPFR), which tracks the inflow and outflow of funds in investment funds and distribution of funds.

according to ITAR, a week earlier, was recorded a net inflow of capital in the amount of $165 million.

Recall also that, according to the Central Bank PF, the net outflow of capital from the country in January—may 2020 amounted to $33.5 billion, Thus, net capital outflow increased for the first 5 months of the year by 18.8% compared to $28.2 billion a year earlier.

Over the past year, the net capital outflow from Russia amounted to $26.7 billion, showing a decrease of export by 2.4 times, compared with $63 billion a year earlier. The Central Bank explained 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.”

Note 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 pointed out that “a determining influence 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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