Russia's 2015 capital outflow likely to drop to USD55bn

Russia's capital outflows are likely to be subdued  after a significant hiking in Q4 2014 by the declining oil prices and continued RUB's relative strength, sending the net flows into positive territory in Q3 15 for the first time since 2010. 

In the year 2014, the capital outflows crossed USD 150 bn, slowing to USD 2.5bn in the first half of this year.

"We expect the total 2015 outflow to fall to USD55bn, as the ongoing adjustment in the economy has eased pressure for an FX run while we expect the supply-side shock effect to continue to ease", says Danske bank in a research note.
 The new geo-political risks related to declining relations between Turkey and Russia could be of a risk because of uncertainty about capital flows.