Putin’s Ukraine venture causes record-setting capital flight from Russia

Record level of capital flight from Russia – $151.5 billion

17 January 2015

The outflow of capital from Russia in 2014 set a record for the past 20 years – the entire period that the Central Bank of Russia has published statistics.

This was reported by Censor.net, citing Deutsche Welle.

“According to preliminary estimates of the regulator, $151.5 billion was removed from Russia last year. This is in fact two and a half times as much as was removed a year earlier ($61 billion). Experts believe the main reason for the outflow of capital is Western sanctions, which closed international financial markets to Russian companies and created a shortage of currency,” the statement said.

Recall that the previous record was set during the 2008 crisis, when capital outflow from Russia reached $133.6 billion.

Source: http://censor.net.ua/n320284

Categories: Journal, UncategorizedTags: , , , , , ,

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