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| Capital flight from Russia drops nearly 10% in first six months of year | Capital flight from Russia drops nearly 10% in first six months of year |
| (about 2 months later) | |
| The net capital outflow from the Russian Federation in January-June this year totaled $28.2 billion, the Central Bank of Russia (CBR) reported on Friday. | The net capital outflow from the Russian Federation in January-June this year totaled $28.2 billion, the Central Bank of Russia (CBR) reported on Friday. |
| This is a 9.6% decrease compared to last year, according to the regulator. At the end of the first half of 2020, the indicator stood at $31.2 billion. | This is a 9.6% decrease compared to last year, according to the regulator. At the end of the first half of 2020, the indicator stood at $31.2 billion. |
| The CBR explained that “investments of other sectors in foreign assets with a slight decrease in external liabilities” contributed to the change. | The CBR explained that “investments of other sectors in foreign assets with a slight decrease in external liabilities” contributed to the change. |
| At the same time, the central bank added that, with regard to the dynamics of capital outflow in 2020, there was also a noticeable “decrease in banks’ external liabilities.” In 2020, net capital outflow from Russia by the private sector increased 2.2 times compared to 2019 and amounted to $47.8 billion. | At the same time, the central bank added that, with regard to the dynamics of capital outflow in 2020, there was also a noticeable “decrease in banks’ external liabilities.” In 2020, net capital outflow from Russia by the private sector increased 2.2 times compared to 2019 and amounted to $47.8 billion. |
| The CBR also said Russia’s positive foreign trade balance increased by 24.8% in the last six months compared to the same period last year and amounted to $62.4 billion. | The CBR also said Russia’s positive foreign trade balance increased by 24.8% in the last six months compared to the same period last year and amounted to $62.4 billion. |
| At the end of the reporting period of 2020, the country’s foreign trade surplus stood at $50 billion.Russia’s trade surplus for 2020 totaled $89.4 billion, which was 45.9% less than in 2019. | At the end of the reporting period of 2020, the country’s foreign trade surplus stood at $50 billion.Russia’s trade surplus for 2020 totaled $89.4 billion, which was 45.9% less than in 2019. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |