Page 69 - RusRPTNov21

5.2.3 Capital flight dynamics
5.2.4 Gross international reserves Russia's Gross International
Reserves $bn
Net capital outflow from Russia by the private sector from January to September 2021 amounted to $59bn, a 48% increase year-on-year.
Date
International reserves
30/09/2021
614,122
31/08/2021
618,181
31/07/2021
601,003
30/06/2021
591,745
31/05/2021
605,232
30/04/2021
590,476
31/03/2021
573,322
28/02/2021
586,266
31/01/2021
590,685
31/12/2020
595,774
30/11/2020
582,676
31/10/2020
582,845
30/09/2020
583,426
Source: CBR
Russia’s international reserves are at record highs record highs and posted $614.1bn as of the end of September, having fallen some $4bn from the all time high set in August after Russia received over $3bn as its SDR allocation from the IMF coronavirus bailout money.
However, while the reserves fell modestly the money in the National Welfare Fund (NWF) continues to increase and was up to $191bn as of the start of October.
The Kremlin is anticipating oil revenues to fall in the coming years and has already decided on a policy to continue to build up the already considerable
69 RUSSIA Country Report November 2021 www.intellinews.com