Page 48 - RusRPTAug19

5.2.3 Capital flight dynamics
Net capital outflow from Russia in January - May 2019 doubled to $35.2bn, compared with $18.9bn in the same period last year, according to a report of the Central Bank of Russia. “The value of the indicator was formed mainly as a result of operations of banks and other sectors on the acquisition of foreign assets, while the contribution of changes in external liabilities was minimal,” the article notes. In 2018, according to the Central Bank estimates, the export of capital from Russia by the private sector amounted to $63.3bn compared to $25.1bn in 2017.
48 RUSSIA Country Report August 2019 www.intellinews.com