Net capital outflow in January-August 2020 increased 1.7 times compared to the data for the same period last year – from $20 billion to $34.8 billion, according to the materials of the Central Bank of Russia. As the regulator notes, the decisive factor in the increase in outflow was the intensive decrease in banks' liabilities to non-residents.
Earlier today, the Central Bank announced that foreign investors (non-residents) returned to selling Russian securities in August after buying in July. Foreigners sold shares at the Moscow Exchange in August for a total of 34.2 billion rubles after purchases for 1.6 billion rubles in July this year.
“In August, there was a slight increase in volatility on the secondary stock exchange market (relative to July 2020) and resumption of sales by non-residents and foreign subsidiaries (shares were sold in the amount of 34.2 billion rubles), NFOs also made sales in the amount of 1.5 billion rubles. Net purchases of shares were carried out by SZKO (RUB 30.1 billion) and other banks (RUB 5.7 billion)”, the Bank of Russia's monthly Financial Market Risk Review says.