Russians translate more money in Switzerland, the UK and Latvia. For the first five months of the year, according to the CBR, only accounts in Zurich and Geneva took about $1.8 billion, reports “Kommersant”.
UK banks pulling ahead — there is directed a little more than $500 million In third place in terms of funds transferred by the Russians, with a similar amount was Latvia, with a further US $460 million in addition, funds were transferred to Monaco, Singapore and Cyprus.
The choice of Russians to save funds is completely justified, believes President of the investment holding “Finam” Vladislav Kochetkov.
“In conditions of instability of the ruble, the Euro and the dollar significantly increased the interest in the Swiss franc. Plus, of course, the owners of large capitals continue to work actively with Swiss banks and prefer to keep their money in them. At the time, the reduction of transactions in the developed countries was due to the fear of sanctions — money Russians abroad might be frozen. Now the Russians are gradually calm down, Cyprus — our beloved country, where the Russian company, not offshore, but help to optimize many business processes. In Britain and the United States the situation is primarily related to increased interest in business immigration,” — said Kochetkov.
In total, according to Bank of Russia, the size of transfers to the far abroad countries in the first five months of the year rose 11% to $6.5 billion in These countries — financial centers, respectively, the translations are purely of an investment nature, said General Director of “Personal Advisor” Natalia Smirnova. In the first half of the situation in Russia was conducive to such manipulation of money, the expert said.
“Five months ago, repeated the story, which was in 2015 when we have a hard enough falling ruble, in parallel, was the risks associated with Turkey, plus maybe to a lesser extent, the opinion of the Central Bank that it is necessary to divide investors into three groups, plus the fact that Russia 2018 comes into the system of automatic exchange of financial data. It is not excluded that those who now the money is withdrawn, the plan to cease to be tax residents of Russia. The second possible option is that they take money, then there to create a “blind” trusts,” — says Smirnov.
Meanwhile, the total volume of money transfers from Russia abroad in may 2016 fell in annual terms by 27.5% to just over $600 million Strong fall showed the CIS countries — minus 30%. Keep large sums of money to accounts in Russia today makes no sense, says senior analyst PSB Alexey Egorov.
“At a time when the country is experiencing a definite economic downturn, people who have a certain reserve of resources, there is no desire to invest in the development of their own business. If not to consider the Russian economy, the investment in fixed assets show a negative rate, since 2012, there are the so-called investment pause. Accordingly, the wealthy segments of the population, the question arises what to do with the money they have. It is reasonable to place these resources in countries that are more protected than Russia, where there is no possibility of capital loss. This is not due to any action on the part of the government or “spin” control the money is looking for safe Harbor,” — told “Kommersant FM” Egorov.
According to the Central Bank on June 1, the total amount of deposits of physical persons in Russia was about $300 billion.
