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The outflow of capital from Russia in 2021 increased to $72 billion from $50.4 billion a year earlier. The growth was 42%, according to the Central Bank of the Russian Federation.
According to the regulator, the net outflow of non-resident funds from OFZs and Eurobonds for the same year amounted to $3.2 billion against an inflow of $3.9 billion a year earlier.
The cash outflow took place with a “virtually neutral impact” of bank operations, the Central Bank noted. The decisive role was played by the acquisition of foreign assets by other sectors, mainly in the form of direct investment.
As pointed out by the Bank of Russia, a significant increase in direct investments of other sectors abroad was the result, first of all, of the reinvestment of income of foreign subsidiaries, as well as an increase in investments in the capital of related foreign corporations.
It is noted that foreign direct investment in Russian companies rose to $30.7 billion, 3.8 times more than in 2020. At the same time, in the fourth quarter, this indicator decreased by 19.5% and amounted to $3.3 billion.
The positive balance of foreign trade almost doubled, amounting to $185.9 billion against $93.7 billion in 2020.
Source: Rosbalt
Tristin is an accomplished author and journalist, known for his in-depth and engaging writing on sports. He currently works as a writer at 247 News Agency, where he has established himself as a respected voice in the sports industry.
