Outflow of capital from Russia: scale, consequences and problems

Authors

  • Vladimir Petrovich Obolensky The Institute of Economics, RAS

Keywords:

Capital outflow, foreign direct investment, portfolio investment and other investment, gold and foreign exchange reserves, illegal exports, investment climate

Abstract

The article deals with the scale, dynamics and structure of capital outflows from Russia. The reasons for capital outflow that decrease the country’s financial resources for capital investment and result in the slowdown of the economic growth are revealed. It is stated that reduction in the outflow of capital is possible subject to improvement of Russia’s investment climate. Besides, it is noted that even under present conditions the state and business can reduce capital exports and channel the resulting resources to the economic development.

Author Biography

Vladimir Petrovich Obolensky, The Institute of Economics, RAS

Doctor of Economic Sciences, Professor
Place of work, post: The Institute of Economics, RAS, Center of the Institute of foreign trade activities - Head; Russian Foreign Trade Academy, Department of International Trade and Foreign Trade of RF, Professor

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Published

2024-02-08

How to Cite

Obolensky, V. P. (2024). Outflow of capital from Russia: scale, consequences and problems. Russian Foreign Economic Journal, (11), 3–16. Retrieved from https://journal.vavt.ru/rfej/article/view/1128

Issue

No. 11 (2014)

Section

World economy

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