Economy12.11.2021 - 10:57

The Central Bank of Russia said that capital outflows have increased since the beginning of the year

Net capital outflow by the private sector in the period from January to October this year increased by 53.9% - up to $65.7 billion. These are the data of the preliminary estimate of the Russian Central Bank.

Фото: RIA Novosti

The figure for the same period last year was $42.7 billion. Consequently, the surplus of financial transactions has increased by $23 billion. The reason for the growth was the operation of the placement of assets abroad, the Russian regulator specified.

The capital outflow from the Russian Federation in the first half of the year decreased by 9.62%. According to the results of six months the index was at $31.2 billion. At that time the main growth factor was the investment of other sectors in foreign assets with an insignificant decrease in foreign liabilities.

The international reserves of the Russian Federation in the period from October 29 to November 5 decreased by 0.2% - to 622.1 billion dollars. This was due to the impact of negative revaluation, which was partially offset by the acquisition of foreign exchange under the fiscal rule.

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