The Duran
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Originally appeared at RussiaFeed.com
MOSCOW (Sputnik) – Net capital outflow from Russia in January-July 2017 rose 1.5 times to $13.1 billion compared to $8.8 billion in the same period last year, the Bank of Russia said Wednesday.
According to the financial regulator, the main source of the capital outflow was the banking sector, which, while maintaining the volume of repayment of external liabilities at the same level as last year, simultaneously placed funds abroad.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.