Russia's central bank is considering introducing temporary capital controls if the flow of money out of the country intensifies, Bloomberg reported Tuesday, citing two officials with direct knowledge of the discussions.
The Economy Ministry said last week it expects this year's outflows to rise to $100 billion, Bloomberg reported.
The report comes as Russia's rouble fell to a new all-time low of more than 39 to the U.S. dollar Friday as the greenback strengthened against global currencies amid strong economic data while Russia's government said its economy had shown no growth in August.
The fresh fall came as there is no sign of a quick end to Western sanctions over Russia's involvement in Ukraine that have left companies virtually cut off from global capital markets, forcing them to raise funds locally to cover debt repayments, which were higher in September.
The rouble has weakened 18% in the past year as the price of oil—Russia's main source of foreign currency—has slid, while Russia's invasion of Ukraine has brought sanctions and spooked investors.
On Friday afternoon, one dollar was buying 39.06 roubles, 57 kopecks more than on Thursday.