Russia’s 2022 Cash Outflow Hits All-Time High

INSUBCONTINENT EXCLUSIVE:
been deposited in foreign banks in January-September 2022, according to an analysis of Central Bank data by the state-run RIA Novosti news
agency.As a result, Russians' overall foreign bank deposits have more than doubled from $30.6 billion in January to $63.1 billion in
24 invasion of Ukraine and loosened in the months since.Roughly $4.3 billion was withdrawn from private accounts in February
That marked an all-time high in the history of available statistics, a record that would be broken three more times as the invasion pressed
$5.6 billion channeled abroad that month, followed by $5.4 billion in August.Russians moved a new record of $6.7 billion to foreign accounts
provided cash outflow figures for October.Since $63.1 billion only accounts for foreign bank deposits, the total number of cash that