Published 6-09-2012, 07:23
Capital flight from Russia is expected to slow in August month-on-month despite lingering worries that a second wave of the international financial crisis may strike this autumn, Deputy Economic Development Minister Andrei Klepach said Tuesday September 4.
Klepach estimated in July that Russia suffered a net capital outflow of $3bn-$5bn, but said this was a lower pace than last year which saw a total of $85bn leave. He also says that there will be a net inflow in 2013 and by 2015 this will be build to net inflows of $80bn a year.
The Economic Development Ministry says that the net capital outflow in 2012 was expected to be at $50-60bn, up from the earlier estimates of $25bn. The ministry also said that there would probably be a zero balance in 2013, while earlier it predicted a net inflow at $15bn, reports Prime.
The net outflow today is $43.4m between January and June this year.
BNE
.jpg/250px-ElbeDay1945_(NARA_ww2-121).jpg)
