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Record low capital outflow from Russia recorded in Q1 of 2015

June 19, 2015, 13:23 UTC+3 ST. PETERSBURG

Capital outflow from Russia stood at $37 bln

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ST. PETERSBURG, June 19. /TASS/. Net capital outflow from Russia in the Q1 of 2015 fell sharply. "Overall, it amounted to $37 bln in the first quarter," Presidential Aide Andrey Belousov said Friday at the St. Petersburg International Economic Forum (SPIEF-2015).

"$24 bln of that sum is a repayment of banks’ foreign loans. That is, if we exclude this factor, we get $10 bln of the total outflow. This is the absolute record for, perhaps, the last 5 or 6 years," he said.

"This points to the fact that, despite all the rhetoric, despite sanctions, the business feels that it is time to pay attention to the Russian assets in rubles," Belousov said.

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