A spat towards the end of last year over the true scale of capital flight from Russia risks missing the bigger picture, which is that capital continues to flow out of the country in the first place. Most other large EMs experience significant inflows. The fact that Russia doesn’t is a particular concern given that its current account surplus is likely to evaporate over the next three years or so.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services