Since the mid of 1990s, a lot of Russia’s capital has flowed abroad. The total amount of Russia’s capital outflow is 9% of GDP. The deep reasons for Russia’s capital outflow are the instability of political situation, the wrong selection on economic mode of transition, the instability of macro-economy envioronment, the heavy demestic and foreign debt, the crisis of financial system and the serious corruption. The capital outflow brings Russia’s economy many bad effects, such as serious decline on the investment capital for demestic economic development, bad effects on the balance of international trade and the stability of exchange rate, enlarged risks on debt, etc. To conquer these bad effects, the below-listed measures should be taken: keeping a stable situation for politics and economy, further perfecting management on current account, improving efficiency for controlling on international trade and foreign exchange rate, speeding up the reforming step of modern enterprise system, building a sound enterprise self-control system, strengrhening information exchanges and international cooperation with other countries so as to better follow up Russia’s oversea capital, taking effective meassures to enhance the outflow capital back. Russia’s capital outflow shows us some enlightening Guidances, which are listed below: we should well treat the relationship among reform, development and stability, process sysmatically to push all reform measures to be realized, reform state-owned enterprises positively and effectively, and build a vigorous micro-mechanism, enforce the building of legal system and completely control the economic activities,positively and safely push financial reform and build a finacial system to fit for the development of market economy as soon as possible, and use foreign capital rationally and
