Russia's not just seeing an exodus of people — it saw a record $239 billion worth of assets being pulled out last year
while imports plunged on the back of sweeping sanctions over the Ukraine war.
Last year's capital outflows were four times that of 2021 and 70% more than in 2008 amid the Global Financial Crisis, according to the analysis. Another $27 billion has flowed out of Russia so far in the first half of 2023, the report states. Insider could not independently verify these numbers. The outflows out of Russia are not all about money getting transferred out of the country. They would also cover overseas investments.
But it's not just Russia — emerging markets, in general, have become increasingly exposed to capital outflows last year as the US dollar strengthened against local currencies,
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russian Ka-52 attack helicopter shot down by Ukrainian marines: KyivRussia has lost 311 helicopters since February 2022, according to figures from Ukraine's General Staff.
Read more »
Musk says Twitter to change logo to 'X' from the birdIn a series of posts on his Twitter account starting just after 12 a.m. ET, Musk said that he's looking to make the change worldwide as soon as Monday.
Read more »
Australian Treasurer Chalmers expects budget surplus for 2022-2023 will be around A$20 billionSpeaking at a news conference in Canberra on Monday, Australia Treasurer Jim Chalmers said that he expects that the country’s budget surplus will be s
Read more »
Austria records more than 5,800 hate crimes in 2022: ReportHate crime in Austria witness a 7% surge, the majority of them committed by Austrian nationals as a concerning report highlights the need for preventive measures against extremist tendencies and Nazi propaganda
Read more »
10 things to know about Stars’ Miro Heiskanen, including his record-setting 2022-23 seasonThe Dallas Stars selected defenseman Miro Heiskanen with the third overall pick in the NHL draft.Get to know one of the newest Stars....The...
Read more »
US: BEV Sales Rise But Some Brands Are Cooling Off Compared To 2022After the first five months of the year, we can see that not all brands are enjoying the growth of all-electric car sales in the United States.
Read more »