The global economic crisis of 2008—2009 changed how money moves around the world. Since then, capital flows have shifted in terms of amount, stability, and where they come from and go to. Countries that used to be big players in these flows have changed, and more countries are now keeping a closer eye on money coming in and going out. The COVID-19 crisis and geopolitical events from 2020—2023 have also influenced these trends. Russia's role in international capital flows has decreased due to restrictions on Russian investments abroad and foreign investments in Russia, along with economic issues in Russia.