Support The Moscow Times!

Net Capital Outflow Slows

Russia’s net capital outflow will ease as companies step up foreign borrowing, according to a draft Central Bank policy document obtained by Bloomberg on Wednesday.

“In the second half of 2010, we expect foreign liabilities of corporations and banks to increase, slowing net outflow of private capital to $8.7 billion by the end of the year,” the Central Bank said in the document. The Central Bank declined to comment.

Net capital inflows are likely to total $12 billion next year, assuming that the Urals blend of crude averages $75 a barrel, the bank estimates.

(Bloomberg)


Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.