The outflow of capital from Russia in 2021 increased to $72 billion from $50.4 billion a year earlier, i.e. by 42%. 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 banks’ operations. “The acquisition of foreign assets by other sectors, mainly in the form of direct investment, played a decisive role,” the Bank of Russia said.
“The significant growth in direct investment 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,” the regulator noted.
Foreign direct investment in Russian companies grew 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.
For more details on the macroeconomic indicators of the Russian Federation, see Kommersant’s monitoring.
.