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Net capital outflow from Russia in 2020 increased by 2.2 times

Net capital outflow from Russia by the private sector by the end of 2020 increased 2.2 times compared to the same period last year and amounted to $47.8 billion, the Bank of Russia said in a statement. At the end of January – December 2019, the indicator stood at $ 22.1 billion. “Unlike the situation in 2019, when operations to build up foreign assets played a significant role, last year the main form of net lending to the rest of the world by the private sector was a reduction in external liabilities, formed in a close proportion by banks and other sectors”, the Central Bank added.

 

Source: www.tass.ru

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