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.