Russia’s Net Outflows Hit Their Highest Level Ever
January 18th, 2015Via: Business Insider:
Net outflows by companies and banks reached $151.5 billion in 2014, more than two times as much as in 2013, according to the Russian Central Bank . The last time the level of outflows was this high was during the global financial crisis in 2008, when it reached $133.6 billion.
The fourth quarter in particular saw a huge spike. Net outflows surged up to $72.9 billion, from $16.9 billion in the previous quarter, following the drop in oil prices and the ruble’s plunge.
