10.11.2023, 10:35
Capital outflow from Russia has increased sharply
Source: OREANDA-NEWS
OREANDA-NEWS In the third quarter of this year, net capital outflow from Russia amounted to $ 18 billion — compared to the previous quarter, the figure doubled. The HSE notes that this was the main reason for the weakening of the ruble in July-September 2023. Izvestia got acquainted with the Institute's document "Comments on the state and business".
According to the classification of the Central Bank, capital outflow (or export) is considered to be any legal currency transactions involving Russian residents. We are talking, for example, about the purchase of currency by individuals and transfers to foreign accounts by legal entities. According to the indicator, it is possible to understand how much the withdrawal of money from the country exceeds their inflow.
In total, for 9 months of the year, the export of capital from the country will reach almost $ 50 billion. However, the figure is several times less than the figure for the whole of last year, when capital outflow amounted to a record $243 billion, or 13.5 percent of GDP, experts from the Center for Macroeconomic Analysis and Short-Term Forecasting (CIACP) estimated.
According to the classification of the Central Bank, capital outflow (or export) is considered to be any legal currency transactions involving Russian residents. We are talking, for example, about the purchase of currency by individuals and transfers to foreign accounts by legal entities. According to the indicator, it is possible to understand how much the withdrawal of money from the country exceeds their inflow.
In total, for 9 months of the year, the export of capital from the country will reach almost $ 50 billion. However, the figure is several times less than the figure for the whole of last year, when capital outflow amounted to a record $243 billion, or 13.5 percent of GDP, experts from the Center for Macroeconomic Analysis and Short-Term Forecasting (CIACP) estimated.
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