Russia's January-May capital outflow up 18.8 pct, trade surplus down 41.7 pct

Source: Xinhua| 2020-06-09 23:47:50|Editor: huaxia

MOSCOW, June 9 (Xinhua) -- The net capital outflow from Russia between January-May rose 18.8 percent year on year to 33.5 billion U.S. dollars, the Russian central bank said in a statement on Tuesday, quoting preliminary data.

It said that net lending to the rest of the world by Russia's private sector in the first five months of the year rose "as a result of more noticeable reduction in external liabilities of banks, while the comparable level of the transactions of other sectors for allocating assets abroad was maintained."

Russia's trade surplus between January-May fell 41.7 percent year on year to 43.2 billion U.S. dollars as a result of unfavorable international situation, the bank said.

Russia's international reserves decreased by 2.5 billion U.S. dollars in this period of time, mainly due to operations related to servicing the country's external debts, it said. Enditem

KEY WORDS:
EXPLORE XINHUANET
010020070750000000000000011102121391270041