Bank of Russia
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the Flow of direct investment in non-banking sector of the Russian economy decreased by 50 times compared to the year 2019, almost stopped, writes RBC referring to the first assessment of the balance of payments for the first quarter of the year published by the Bank of Russia.
So, if in the first quarter of 2019 in the Russian non-banking sector came to 10.3 billion USD in the first quarter of 2020, only 0.2 billion.
this portfolio investment was a negative $ 1.2 billion. In the first quarter of 2019, the figure was in positive territory and amounted to USD 6.8 billion.
Experts note that investors take the money from the Russian market, and this is typical of any crisis. Savings are transferred to countries with developed financial systems, which Russia is not included.
Russia in the second quarter of 2020 threatens the economic decline by 18% due to the regime self-isolation, massively introduced in the country’s regions to curb the spread of the coronavirus, as well as the collapse in oil prices. This follows from the forecast of the research Institute of VNESHECONOMBANK of the Russian Federation.
in addition, experts warn, for the second quarter will have the highest rate of unemployment.
