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Net capital outflow from Russia more than tripled in January-November

Чистый отток капитала из России более чем утроился в январе-ноябре

The net outflow of capital from Russia in January-November 2018 reached $58.5 billion, which is 3.3 times the value of the index over the same period last year, follows from the preliminary data of the Central Bank of the Russian Federation.

As pointed out by the regulator, “the balance of financial transactions of the private sector with non-residents, amounted to 58.5 billion US dollars against 17.7 billion U.S. dollars in January-November 2017”.

Recall that in late October, the regulator worsened its forecast net outflow of capital from Russia by the end of 2018 – from $55 billion to $66 billion thus the net export of capital from the country in 2019 has been adjusted in the direction of improvement – up to $25 billion to $27 billion.

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