19.04.2016, 09:44
Companies and Banks Reduced Almost by Five Times Capital Outflow in Q1
OREANDA-NEWS. According to the Bank of Russia estimation, net capital outflow of the private sector was US$ 7 billion in 2016 Q1, a 4.5 times decrease versus the respective period of the past year. Such figures are available in the Estimation of the balance of payments of the Russian Federation for the first quarter of this year on the website of the regulator.
The external debt repayment is still a major component of the net capital outflow structure, although in a considerably smaller amount than that within the relevant period of the past year.
The surplus in the current account of the balance of payments was US$ 11.7 billion in Q1 of this year versus US$ 30 billion in Q1 of the past year.
Its contraction was due to more than twofold reduction of the surplus of balance of foreign trade in goods against the background of significantly declining exports and decelerated fall in imports.
The external debt repayment is still a major component of the net capital outflow structure, although in a considerably smaller amount than that within the relevant period of the past year.
The surplus in the current account of the balance of payments was US$ 11.7 billion in Q1 of this year versus US$ 30 billion in Q1 of the past year.
Its contraction was due to more than twofold reduction of the surplus of balance of foreign trade in goods against the background of significantly declining exports and decelerated fall in imports.
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