The Russian media ceaselessly report about the current economic boom in the country and increasing interest of foreign investors, who visit numerous economic forums in Russia. However, the real situation looks a bit different.
According to the official statistical data, capital outflows from the Russian assets have expanded lately. Thus, the capital outflow from the stock and debt markets through investment funds surged to USD 140 million in the period from August 30 to September 5. In the week before the reading was at USD 30 million. So, the actual picture is not as bright as the Russia media describe it.
The capital outflow from the Russian stock market through investment funds increased to USD 70 million in the reporting period versus USD 30 million in the previous week. The investment funds that put money in the Russian stocks lost USD 25 million versus USD 10 million a week earlier. Remarkably, the latest capital outflow was the biggest in the past six weeks. The situation in the bond market worsened as well. Here, the capital outflow rose to USD 70 million in the period from August 30 to September 5. The investment funds that work with the Russian bonds only registered the capital outflow of USD 10 million versus the previous week’s level of USD 5 million.
