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The outflow of capital from the Russian financial markets doubled

Over the week of May 20, investors took away $210 million from funds targeting Russian assets and bonds (including funds focused not only on the Russian Federation), according to Emerging Portfolio Fund Research (EPFR), which tracks the inflow and outflow of funds into investment funds and distribution of funds. As noted by PRIME, a week earlier a net outflow of capital in the amount of $110 million was recorded.

Recall also that, according to the Bank of Russia, the total net capital outflow from Russia in January-April 2020 amounted to $23.9 billion. Thus, the net capital outflow from the country decreased by 13.4% in the first 4 months of this year compared with $27.6 billion a year earlier.

Over the past year, the net outflow of capital from Russia amounted to $26.7 billion, showing a decrease in export by 2.4 times compared with $63 billion a year earlier. The Central Bank explained that “the decisive influence on the indicated value had a decrease in foreign liabilities of banks, while the contribution of other sectors to net lending to the rest of the world decreased markedly”.

On February 7, the Bank of Russia revised its expectations for a net outflow of capital from the country this year - from $20 billion to $15 billion. In addition, the estimate of net outflow of capital from the Russian Federation in 2021 and 2022 was lowered from $15 billion to $10 billion.

Source: www.rosbalt.ru

News

The most popular investment instruments for Russian citizens are savings accounts in banks, foreign

currency, real estate, life insurance and cryptocurrencies.

The real disposable income of Russians in the third quarter fell by almost 5% after a record drop of

8.4% in the second, Rosstat reported.

In September 2020, the monthly increase in consumer prices (as estimated seasonally adjusted) decreased to 0.25% compared to 0.38% in August, according to the next release of the information and analytical commentary “Dynamics of consumer prices”.

Consumer demand in the first seven months of 2020 in Russia decreased due to the coronavirus pandemic by an average of 6.7% relative to the result of January-July 2019.
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.
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