Net capital outflow from Russia increases 2.5 times in the year 2014 as compared to the year 2013

Net capital outflow from Russia increases 2.5 times in the year 2014 as compared to the year 2013

According to preliminary estimates of the Central Bank of Russia, in the year 2014 the aggregate net capital outflow from RF has 2.5 times increased as compared to the year 2013 while reaching a point of 151.5 billion USD.

“The material factor for the increase in the net capital withdrawal by private sector in 2014 along with the incrementing foreign assets were the foreign debt pay-offs of the companies and banks in the context of constraints and limited capabilities for debt refunding due to the sanctions” – says CB. 

It should be noted that earlier according to the Ministry of Economic Development and Trade of the Russian Federation the capital outflow in the year 2014 was estimated at 120-130 billion USD, whereas a similar estimate by the Central Bank was 134 billion USD.        

© 1997—2014 DS Express, Inc

84, Spyrou Kyprianou, 

2nd floor, Limassol 4004

Cyprus

tel +357 25 731-042

info@dsexpress.com

 

11 Solzhenitsyna Street

Moscow 109004 Russia

tel +7 495 956-1727

fax +7 495 234-0735

info@dsexpress.com

15 Kreshchatik Street, office 149

Kyiv 01001 Ukraine

tel +38 044 237-2222

fax +38 044 278-6714

kiev@dsexpress.com

 

52 Angliyskaya Emb., office 28

St.Petersburg 190000 Russia

tel +7 812 570-1564

fax +7 812 325-723

spb@dsexpress.com

More contact details and office maps can be found in the section Contacts

© 2015 DS Express Ltd  All rights reserved