Russia’s net capital outflow doubles in Jan-Feb

Russia’s net capital outflow doubles in Jan-Feb

Russia saw a net capital outflow of $9.8 billion in the first two months of 2018, up from $4.4 billion in the same period a year earlier, the country's central bank said.

"The net private capital outflow was mainly linked with a rise of foreign assets in other sectors," the statement read.

In January-February, Russia also saw a current account surplus of $20.8 billion versus $14.5 billion in the same period in 2017, Reuters reported.

The increase in surplus was driven by the country's stronger exports, the central bank said.

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