Capital outflow from Russia reached a new record


www.vsyako.netPhoto: Oleg Karsaev / “Kommersant”

Net capital outflow from Russia in the period from January to April, 2019, the increased 1.9 times in comparison with the same period last year, according to preliminary figures from the Bank of Russia.

The volume of funds amounted to 34.7 billion rubles against 18.5 billion rubles a year earlier. The figure is explained by the increase in the net acquisition of foreign assets by banks amid a decline in external liabilities.

At the same time, the foreign trade surplus Russia in January-April 2019 increased by 4.7 percent compared to the same period last year and amounted to 62 billion rubles compared to 59,2 billion roubles.

Earlier it was reported that in the first quarter of 2019, the Russian company practically ceased to buy foreign businesses. The total volume of transactions amounted to 6.8 million dollars, which was the second lowest in two decades. Less was only in the first quarter of 2017, when there was not a single transaction.

Video, photo All from Russia.


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