Bbabo NET

Economics & Business News

Capital outflow from Russia in 2015 exceeded $ 50 billion

According to the "Central Bank of the Russian Federation", the net outflow of capital from the private sector of the Russian Federation in January-October 2015was equal to $ 50.2 billion, compared with $ 105.3 billion in the same period last year.

According to Censor.NET with reference to Reuters, the outflow of capital was formed mainly under the influence of operations of the first half of 2015, primarily related to the repayment of external debt.

"Current estimates of net capital exports by the private sector includes also some increase in foreign liabilities of other sectors as a result of placements held in October by non-residents of Eurobonds and other debt securities in the interests of some Russian residents," - said the CBR.

Capital outflow from Russia in 2015 exceeded $ 50 billion