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The Net Export of Capital from Russia Reached 22.4 Billion US Dollars
June 21, 2017 02:51

From January to May, the net export of capital from Russia reached 22.4 billion US dollars. For the same period in 2016, the figure was 10.3 billion dollars.

"In the structure of net capital export, unlike the previous year, the banking sector's operations on the placement of foreign assets and the repayment of external liabilities dominated. Other sectors, attracting funds to the economy, on the contrary, ensured the net import of capital", the regulator said. At the same time, from January to May 2017, Russia's current account surplus amounted to $ 27 billion. In comparison with the same period in 2016, the indicator grew by 1.7 times.

"The main factor of such positive dynamics was the strengthening of the trade surplus due to the outstripping growth of exports in conditions of improving the world market of fuel and energy products," the Central Bank explained.


Author: Anna Dorozhkina


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