The trend has been attributed to strong economic recovery The outflow of capital from Russia decreased more than sixfold in 2023 when compared to the previous year, according to the head of the country’s central bank, Elvira Nabiullina. She told the State Duma on Thursday that the Russian economy had recovered from the sanctions-induced crisis much faster than all the forecasts and continues to grow. According to Nabiullina, output, consumption, and investment in fixed capital have all rebounded, which shows that the weakening ruble and inflation cannot be blamed on capital outflow. She clarified that the deprecia
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