Cbank: Russia’s 2015 capital outflow shrinks 63% to $56.9 bln
MOSCOW, Jan 18 (PRIME) – Russia’s net private capital flight shrank 62.8% on the year to U.S. $56.9 billion in 2015, the central bank said in a statement Monday.
“Furthermore, contrary to previous years, the main part of net capital outflow was the result of private external debt redemption. The most significant was a decrease of the banking sector’s external liabilities, which occurred not only because of a foreign asset sale but also because of funds accumulated from current account transactions,” the regulator said.
“Other sectors facing severe external financing conditions were also forced to redeem foreign liabilities while practically not being able to build up foreign assets except for some direct investing.”
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18.01.2016 16:28