The Central Bank of Russia expects by the end of 2017, the net capital outflow of $29 billion

Russia’s Central Bank expects a net outflow of capital by the end of 2017 will reach $29 billion On 15 December at the press-conference said the head of the regulator Elvira Nabiullina, said «RIA Novosti».

According to her, in January–November this year this indicator grew by 3.4 times – up to $28 billion from $8.2 billion compared to the same period in 2016.

The Central Bank also increased the estimate of net capital outflows in 2018 to $16 billion from the previous $10 billion.

Nabiullina assured that the data «cannot be identified with the illegal export or capital flight,» quoted Reuters.

She believes that «the capital outflow is not necessarily a bad thing, and the inflow of capital is not always good for the economy».

Against Russia were involved in economic sanctions by the United States, the European Union and some other countries in the spring of 2014, after Russia annexed the Ukrainian Peninsula of Crimea and military aggression in Eastern Ukraine. The sanctions packages several times expanded and tightened.




The Central Bank of Russia expects by the end of 2017, the net capital outflow of $29 billion 21.12.2017

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Декабрь 21st, 2017 by
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