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Data show Russian cash has already fled

From cnbc.com

It may be a little late for Russian capital controls. The collapse of the ruble has prompted a flight of capital as investors and savers in Russia seek shelter outside the country's borders. A CNBC.com analysis of money flows monitored by the Russian Central Bank shows that large cash hoards have already left the country. Nations in the ex-Soviet Commonwealth of Independent States (CIS) have been disproportionate recipients of those funds. Ukraine is also a major destination for Russian cash. Since 2006, the earliest data available, Russian individuals have sent nearly $200 billion out of the country—or more than 10 ... (full story)

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  • Category: Breaking News