Russia Capital Rush Extends to $13 Billion Last Quarter - Bloomberg:
"Russia’s capital outflow extended for the 17th consecutive quarter amid economic sanctions from the U.S. and the European Union, bringing this year’s redemptions to about $85 billion.
Net private capital outflows were $13 billion from July through September, according to a central bank estimate published today. That compares with $48.6 billion in the first quarter and $23.7 billion in the prior three months.
Russia’s economy, teetering on the brink of its second recession since 2009, is losing capital as sanctions weigh on business sentiment. Investor confidence suffered as international measures against Russia were escalated in July over its role in the Ukraine crisis while the downing of Malaysia Airlines flight MH17 stirred anger against the increasingly isolated country. Russia has denied involvement in the conflict and in the crash which killed all 298 people aboard."
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