Russian Capital Flight to Reverse by 2015 - Central Bank

Author: us-russia
Comments: 0
Russian Capital Flight to Reverse by 2015 - Central Bank
Published 1-10-2012, 02:27
Net private capital outflow from Russia is expected to shrink to $10 billion in 2013 and give way to a $15 billion capital inflow in 2015, Central Bank First Deputy Chairman Alexei Ulyukayev said on Thursday. 
"We believe the capital account situation will gradually improve. Under the basic scenario, we presume that there will be still a slight capital outflow of $10 billion in 2013, a zero capital outflow/inflow balance in 2014 and a small capital inflow of $15 billion in 2015," Ulyukayev said in an interview with Prime news agency.

The forecast prepared in accordance with the Central Bank's Monetary Policy guidelines for the next three years coincides with projections prepared by the Economics Ministry and used by the Finance Ministry to draft Russia's budget, Ulyukayev said.

Russia's Central Bank expects net capital outflow at $60-65 billion in 2012.

Russia's net private capital outflow fell to an estimated $9.5 billion in the second quarter of 2012 from $33.9 billion in the first quarter.

Capital flight from Russia peaked at $133.7 billion in 2008 when the global economic crisis broke out, falling to $56.1 billion in 2009. Capital outflow from Russia stood at $80.5 billion in 2011 compared with $34.4 billion in 2010.

 

RIA Novosti

 

Comments: 0
Experts' Panel
Save the Planet Expert`s Pannel
Presently a growing number of people, including well known and...
Save the Planet Expert`s Pannel
Top
popular in the journal
Нефтяные вспышки

Нефтяные вспышки

Политолог Эдуард Лозанский — о безуспешных попытках Джо Байдена свалить на Россию вину за энергокризис в США
It’s time for Biden to follow in...

It’s time for Biden to follow in...

Domestic issues and a potential world war don't bode well
Will Judeo-Christian Values Save...

Will Judeo-Christian Values Save...

  Mixing religion with politics is generally not a good idea, but it looks like that is one of the few remaining options to avoid what Senator Sam Nunn and a ...
Американист Лозанский обратился к...

Американист Лозанский обратился к...

В Белом доме все меньше уверены в том, что Украина сможет вернуть взятые под контроль российскими военными территории. Об этом со ссылкой на американских официальных лиц ...
Республиканская мечта

Республиканская мечта

Политолог Эдуард Лозанский — о последствиях ноябрьских промежуточных выборов для внешней и внутренней политики США