UA
  • News
  • Popular
  • Search
  • Apps
download white apps
Download

Russia sees record in shadow capital outflows in first quarter of 2025

www.pravda.com.ua
Mon, 19 May 2025 20:44:52 +0300
Russia sees record in shadow capital outflows in first quarter of 2025

The Central Bank of the Russian Federation has recorded record growth in shadow capital outflows: in the first quarter of 2025, US$14.7 billion in so-called "net errors and omissions" reportedly accumulated in the balance of payments.

Source: The Moscow Times

Details: These "net errors" are a statistical category that often includes opaque currency transactions not accounted for in other balance sheet items.

The media outlet reports that this is one of the highest figures in history – the previous record was set in 2006 (US$11.2 billion). After the start of the full-scale war against Ukraine, this figure began to grow again: US$6.1 billion in 2022 and over US$9 billion in 2023 and 2024.

A significant portion of export revenues remains abroad, either due to payment difficulties or to facilitate import payments. According to the Central Bank, Russian residents increased their foreign assets by US$66.8 billion in 2024 alone, of which US$46.4 billion was accounted for by "other investments".

Against the backdrop of sanctions and the withdrawal of Western businesses from the country, foreign direct investment in Russia has fallen by US$281 billion in three years. The overall financial account balance since the beginning of 2022 is negative US$333 billion.

What does this mean? When money is being withdrawn from the country en masse through opaque channels, it means that businesses and citizens do not trust their country’s economic stability and fear sanctions, repression, or future restrictions.

Background:

  • The rouble exchange rate has reached its highest level since May 2023, rising to 80.22 roubles per dollar on the domestic market.
  • The number of credit card debtors in Russia is growing rapidly. Since the beginning of 2025, more than 2.35 million bank customers have defaulted on payments for more than 30 days.

Stock photo: Getty Images

Read in full

Latest news

Israel resumes strikes on Iran. PHOTO
Israel resumes strikes on Iran. PHOTO
The Israeli army has announced that it has resumed strikes on targets in and around Tehran, and issued a warning and call to evacuate the residents of Arak and Hondab.
censor.net
Thu, 19 Jun 2025 08:46:00 +0300
Trump approves plan to attack Iran, but does not give final order - WSJ
Trump approves plan to attack Iran, but does not give final order - WSJ
US President Donald Trump has approved a plan to attack Iran, but is refraining from implementing it in order to see if Tehran will abandon its nuclear programme.
censor.net
Thu, 19 Jun 2025 08:45:00 +0300
Sushi Roll Delight
Sushi Roll Delight
Sushi rolls are a delicious and popular dish originating from Japan, combining vinegared rice with a variety of ingredients, including seafood, vegetables, and nori seaweed. This recipe will guid...
toastpad.com
Thu, 19 Jun 2025 08:35:18 +0300
Russia will not help Iran repel Israeli attacks, - Putin
Russia will not help Iran repel Israeli attacks, - Putin
Russia has agreed with Israel that Russian specialists building a nuclear power plant in Iran will not be shelled and their safety will be ensured.
censor.net
Thu, 19 Jun 2025 08:23:00 +0300
Under Trump’s presidency, if he had been elected earlier, there might not have been a "conflict in Ukraine" - Putin
Under Trump’s presidency, if he had been elected earlier, there might not have been a "conflict in Ukraine" - Putin
Russian dictator Vladimir Putin has said that he agrees with Donald Trump that if he had been US president in his previous term, the war would not have started.
censor.net
Thu, 19 Jun 2025 08:11:00 +0300
Soldiers of 92nd SAB used kamikaze drones to eliminate seven Russian soldiers and wound two more. VIDEO
Soldiers of 92nd SAB used kamikaze drones to eliminate seven Russian soldiers and wound two more. VIDEO
The crews of the th Separate Regiment of Achilles unmanned systems of the nd SAB named after Kosh Ataman Ivan Sirko launched a series of kamikaze strikes on enemy infantry.
censor.net
Thu, 19 Jun 2025 08:07:00 +0300
Peaches in Puff Pastry
Peaches in Puff Pastry
This delightful dessert features sweet, juicy peaches enveloped in a flaky puff pastry. The combination of the warm, caramelized fruit and the crispy pastry creates a harmonious balance of textures...
toastpad.com
Thu, 19 Jun 2025 08:05:18 +0300
Russia is ready to hand over more than three thousand bodies of Ukrainian soldiers - Putin
Russia is ready to hand over more than three thousand bodies of Ukrainian soldiers - Putin
Russian dictator Vladimir Putin has declared Russias readiness to return another , bodies of fallen soldiers to Ukraine as part of a prisoner exchange.
censor.net
Thu, 19 Jun 2025 08:01:00 +0300
Russians attack Dnipropetrovsk Oblast: five injured, destruction recorded – photos
Russians attack Dnipropetrovsk Oblast: five injured, destruction recorded – photos
Five people have been injured, fires have broken out and destruction has been recorded as a result of Russian strikes on the Nikopol and Samar districts in Dnipropetrovsk Oblast.Source Serhii Lys...
www.pravda.com.ua
Thu, 19 Jun 2025 07:56:08 +0300
Putin on massive shelling: Russian military does not strike residential areas "in" Ukraine
Putin on massive shelling: Russian military does not strike residential areas "in" Ukraine
Russian dictator Vladimir Putin has justified massive missile strikes on Ukrainian cities, saying that the target is allegedly the defence industry.
censor.net
Thu, 19 Jun 2025 07:51:00 +0300
додати ще новини more news

Top news

Russians strike Sviatohirsk with S-300 SAMs: five wounded, 19 apartment buildings and private houses damaged. PHOTOS
Russians strike Sviatohirsk with S-300 SAMs: five wounded, 19 apartment buildings and private houses damaged. PHOTOS
Why Putin Didn't Stand Up for Iran — Insider Data
Orban may lose power in Hungary — when exactly
Zelenskyy currently plans to personally attend NATO summit in The Hague – media
Some Russian prisoners of war do not want to be exchanged, - Deputy Minister of Justice Pikalov
Russia's strike on Kyiv — death toll rises
Eight individuals detained in Slovakia in military aid case involving Ukraine
Romanian president sends condolence letter after missile strike on Kyiv
Russian drone strike destroys state veterinary hospital in Kramatorsk. PHOTOS
Defense Forces repel enemy assault in Donetsk region, destroy 18 armored vehicles and 13 motorcycles – OTG "Luhansk"
  • About us
  • Contacts
  • Rules of use
  • Apps