According to preliminary estimates of the Russian Central Bank, net capital exports by the private sector in January 2018, amounted to 7.1 billion compared with 3.1 billion in January 2017. Thus, the increase was 2.3 times, according to news Agency “Finmarket”.
The outflow was due mainly to the growth in foreign assets of banks and other sectors, explained in the CBA.
Under the baseline scenario (with an average oil price of 55 per barrel), published in December, the Central Bank’s forecast, in 2018, the figure is expected to reach $ 16 billion.
Recall that according to the Central Bank, the net outflow of capital from Russia in 2017 rose 1.6 times year on year and reached 31.3 billion vs 19.8 billion in 2016.
The Central Bank recently said that, “in contrast to the situation a year earlier, the main source of net capital exports were the operations of the banking sector’s external liabilities”. “Capital flows associated with operations of the other sectors, was generally vzaimosoedinenii nature”, – said the regulator.
By the end of 2016 net capital outflow from Russia fell by 3.7 times and amounted to 15.4 billion after an outflow 57.5 billion in 2015 and 153 billion in 2014.
The country’s international reserves in January 2018 increased by $ 11.7 billion of that was due to the acquisition of foreign currency on the domestic market in the framework of fiscal rules, as well as the return of previously provided foreign currency. In January 2017 the growth of reserves amounted to $ 8.6 billion.