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from $18.1bn in 1Q20 and $9.8bn in 4Q20 to $11.8bn in 1Q21 due mainly to the accumulation of assets, not the repayment of liabilities.
Outflows of FDIs in the non-financial sector eased from $4.4bn in 1Q20 to $1.7bn in 1Q21, while portfolio investment outflows remained at around $5bn/quarter.
70 RUSSIA Country Report May 2021 www.intellinews.com