In the first quarter of 2021, net capital outflow from the Russian Federation (the balance of private sector's financial transactions) decreased by 34.8% year-on-year to $11.8 billion, the Bank of Russia informed.
As opposed to the first quarter of 2020 when the main form of net capital transfer from the private sector outside Russia was the process of reducing foreign liabilities, in 1Q20, banks and other sectors increased foreign assets while obligations to non-residents stayed almost unchanged in the reporting period, the Central Bank emphasizes.
