The net capital outflow from Russia in January-October 2019 decreased by 23.3 percent compared to the same period of last year and amounted to $31.6 billion, the Bank of Russia said in a preliminary report on Tuesday
MOSCOW (Pakistan Point News / Sputnik - 12th November, 2019) The net capital outflow from Russia in January-October 2019 decreased by 23.3 percent compared to the same period of last year and amounted to $31.6 billion, the Bank of Russia said in a preliminary report on Tuesday.
According to the report, the determining factors in the trend were the operations of banks, which increased external statutory capital requirements and lowered liabilities to non-residents.
"The financial operations of other sectors, in contrast to the comparable period of last year, made a relatively small contribution to the formation of the final balance," the Bank of Russia said.
