Russians’ transfers to foreign banks surge 26-fold in one year ...News

Residents sent record amounts abroad throughout the year, Central Bank data shows New foreign currency deposits held by Russian residents in overseas banks hit a record 1.47 trillion rubles ($19.9 billion) in the third quarter of 2022, data published on the Bank of Russia website on Friday showed. According to the regulator, transfers nearly tripled against the previous quarter, when they amounted to 551 billion rubles. They also surged by 26 times compared to the third quarter of 2021, when residents moved only 57 billion rubles to overseas accounts. Earlier, the Bank of Russia reported that as of November 1, res

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