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The Russian economy is "bleeding cash" as capital flight sees £214billion sapped out of the country. Moscow has also been impacted by a downturn in exports of oil, gas & cars to China, says Chief of the National Bank of Ukraine Kyrylo Shevchenko.
Posting on X, he said: "Russia's bleeding cash—$281B (£214bn) in capital fled since 2022! $138B (£105bn) in year one, $80B (£61bn) in '23, $63B (£48bn) last year. Even China says 'nyet' to oil, gas & car plants. #RussiaEconomy #CapitalFlight." Russia's economy is feeling the impact of Western sanctions imposed after Vladimir Putin ordered the invasion of Ukraine in February 2022. While Moscow's economy surprised many with its resilience under sanctions, inflation and capital flight are among the key challenges facing the Kremlin.
www.express.co.uk
Posting on X, he said: "Russia's bleeding cash—$281B (£214bn) in capital fled since 2022! $138B (£105bn) in year one, $80B (£61bn) in '23, $63B (£48bn) last year. Even China says 'nyet' to oil, gas & car plants. #RussiaEconomy #CapitalFlight." Russia's economy is feeling the impact of Western sanctions imposed after Vladimir Putin ordered the invasion of Ukraine in February 2022. While Moscow's economy surprised many with its resilience under sanctions, inflation and capital flight are among the key challenges facing the Kremlin.
Russia economy meltdown as nation 'bleeds cash' and China 'shies away' from oil
A massive £214bn worth of capital was diverted out of Russia as the country's economy suffers due to sanctions.
www.express.co.uk
