Russian Economy News: CB: The outflow of capital from Russia in 2014 amounted to more than $ 150 billion

Friday, January 16, 2015

CB: The outflow of capital from Russia in 2014 amounted to more than $ 150 billion – Rosbalt.RU

Rosbalt, 16/01/2015 22:00

MOSCOW, Jan. 16. Net capital outflow from Russia last year increased by 2.5 times. This is stated in the materials of the Central Bank.

According to preliminary data, the balance of payments, capital outflow reached $ 151.5 billion. In 2013, it stood at $ 61 billion. In the fourth quarter 2014 net capital outflow from the Russian private sector increased by 4.3 times in annual terms, that is up to $ 72.9 billion from $ 16.9 billion.

Earlier, Russian President Vladimir Putin said that the withdrawal of capital from Russia can be partly explained by exchange operations .

“In the fourth quarter of this year (2014. – Note.” Rosbalt “) at US $ 115-130 billion of our companies have to repay the loan. This is normal,” – said Putin. According to him, the amount of capital outflow is quite large. However, he pointed out, in 2008, its size was even higher – $ 137 billion.

Earlier, the Bank of Russia increased its estimate for net capital outflow from Russia in 2014 to $ 134 billion from the previous forecast of $ 128 billion . “The outflow of private capital to increase comparable to the first quarter 2014 level while maintaining difficulties in attracting residents funds from international markets, as well as the growth of speculative demand for foreign currency”, – stated in the report of the Central Bank.

So in I quarter of 2014 outflow was $ 48.6 billion, in II quarter it slowed to $ 23.7 billion, in the III – up to $ 13 billion. In addition, the regulator expects capital outflows of $ 120 billion at the end of 2015, $ 75 billion in 2016 and $ 55 billion in 2017.

Opinion

January 16, 2015 -> Religious fanatics as the latest Luddites What we call religious fanaticism, today is just a gesture of despair representatives archaic, outdated civilization – which is losing on all fronts.	January 16, 2015 -> Who brought Russia to such a life In our political system is the personal composition of the Government does not indicate the nature of economic policy. And from parliamentarians too little depends.
January 15, 2015 -> Courage to do nothing grandees of the Russian government took advantage of bureaucratic gathering to announce that there is no crisis of ideas and have no advance disclaim responsibility. Only Finance Minister Siluanov said that he has a plan.	January 15, 2015 -> I do not Charly Ebdo The writer and publicist Alla Yaroshinskaya not agree with the freedom of speech, which it is seen in the post-terrorist attack French magazine “Charly Ebdo.” And with those values for which the left millions of Europeans.
January 14, 2015 -> Trouble from Ebdo From murder cartoonists in France western elite did not make any lessons, and did not want to. Collect marches under the populist slogans proved to be much easier than to understand the root causes of the tragedy.	January 14, 2015 -> Poverty in credit Policy-makers in complete agreement with all the experts promise vulgar decline in living standards. The scale of this planned in advance of impoverishment are very different in different scenarios. But the approximate numbers can be called.
January 13, 2015 -> Party account? Why not The initiative to form a government of Russia on party lines (depending on the number of votes received in the election), which acted as the parliamentary opposition, now has a notable chance of success.	January 12, 2015 -> The main thing – do not give the people wake up TV continues to maintain and increase the nostalgia for life in the Soviet mythologized. A distinctive feature of the New Year entertainment programs is the lack of even something new. So to maintain the illusion of stability.

Analytics, interviews, reports

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January 14, 2015 Armenia EAEC: pros still more? Armenian opposition stepped up attacks on the Eurasian Union, stating that the republic in vain contacted the Russian and predicting her closing all other world markets.	January 13, 2015 Europe again got behind the wheel “that the Germans well , the Russian death “- so you can tell by looking at the dynamics of energy prices. While Russians are discussing the economic crisis, Europe rejoices – it is cheaper not only oil but also gas, electricity and gasoline.
January 12, 2015 Ukraine: views of the defaulted The Minister of Finance of Ukraine declares that no bankruptcy of the country do not. Nevertheless, the economic indicators suggest an imminent default. If Kiev does not receive $ 15 billion in aid, it may break out in March, experts predict.	January 9, 2015 Russians peresyadut in “Lada” Prices of cars will increase. Car dealers face falling sales. Russians are faced with a choice: either to buy used cars and spare parts for their wages, or buy a domestic car.