REUTERS
Net capital outflows of the private sector in January-October 2015 were tentatively estimated at $50.2 billion, against outflows of $105.3 billion in the corresponding period of 2014, according to the Bank of Russia.
The capital outflow has been shaped mainly under the influence of the transactions carried out in the first half of 2015, which were dominated by those related to external debt repayment, Reuters Russian news service reported.
"The current estimate of net capital outflows in the private sector was also under the effect of a certain increase in foreign liabilities of other sectors, resulting from October Eurobond and other debt securities' placements by nonresidents for the benefit of certain Russian residents," the Bank of Russia noted in its statement.
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According to preliminary estimates of the Bank of Russia, in January-October 2015, the surplus in the current account of the balance of payments of the Russian Federation reached $54.8 billion, compared to $48.2 billion in the same period of 2014, due to decline in the current account items, which were traditionally in deficit (mostly, trade in services' and investment income balances) against the background of considerable compression of the merchandise trade balance under the influence of falling prices for energy products.