JRL NEWSWATCH: “Capital flight from Russia triples y/y to $42.2bn in January-October” – bne Intellinews

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“The net outflow of capital from Russia in January-October 2018 was up to $42.2bn, a three-fold increase from the $14bn that left Russia in the same period a year earlier, according to preliminary estimates from Central Bank of Russia (CBR) …. Approximately half of this amount is accounted for by operations of banks to repay external liabilities[;] the other half is due to business purchases of foreign financial assets. … If capital flight does hit $66bn it would make this year the second worst year since the crisis years of 2008 and 2014 ….”

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