Analysts reported a record foreign capital flight from Russia.
Investors are cutting investments in the country's assets for the fourth consecutive month. During this time, they withdrew more than $ 1.6 billion from Russian stocks. This is the maximum outflow for the last 3.5 years. The investors' flight is connected, in particular, to unrealized expectations regarding Russia’s rapprochement with the US and the fall in oil prices, Kommersant writes. “The outflow of capital may cause the depreciation of the national currency to 70 rubles per dollar by autumn,” Maxim Maramigin, Doctor of Economics, says. In the Kremlin, the outflow of capital was explained by sensitive market and volatility, TASS writes.