Russian cash has already fled the country

roubles fleeing russia 3j3j98

Russian Rouble hits all time low

It may already be too late for Russia’s Central Bank to regain control. 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.

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