The outflow of capital from the Russian finrynkov does not stop

Investors in the week ended July 29 was taken from funds focused on Russian assets and bonds (including funds oriented not only on Russian), $30 million these Are the findings of the organization 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 outflow of capital in the amount of $120 million.

Recall also that, according to the Central Bank of the Russian Federation, net capital outflow from the country in January—June 2020 amounted to $28.9 billion Thus, the net export of capital increased during the first 6 months of the current year by 24% compared with $23.3 billion a year earlier.

Note also, on 24 July, the Central Bank of the Russian Federation has corrected to the downside forecast, the net outflow of capital from the country for 2020 — with the previously expected $15 billion to $25 billion (after $19 billion in 2019). In addition, the revised forecast for a net outflow from Russia in the next two years to $25 billion and $15 billion, respectively, from the previously expected $10 billion.

let’s Add that the Russian economy in February—March 2020 was under the powerful impact of two negative factors — the rapid spread of the pandemic coronavirus infection COVID-19 and its deleterious effect on the global economy and collapse in oil prices. Against this background, the rouble significantly depreciated against the dollar and the Euro. Reacting to the situation, the government and the Bank of Russia adopted several packages of measures to support the economy and citizens.

on 2 June Prime Minister Mikhail Mishustin briefed President Vladimir Putin a national plan for the recovery of the Russian economy in 2020-2021 years, noting in particular that the cost of the plan will amount to about 5 trillion roubles. On 19 June the head of state was sent the updated draft of the plan.