Capital outflow from Russia exceeds 50 billion US dollars
2012-09-25 17:55:45
The head of the Russian Ministry of Economic Development, Andrei Beloussov has announced to RIA Novosti that in the period from January-August 2012, the capital outflow from Russia equalled 52 billion US dollars.
He says that the Ministry believes that according to the results of 2012, the capital outflow will equal 60 billion US dollars. In this case, at the beginning of the year the institution expects a zero level of capital outflow due to a 125 US dollars per barrel price for oil. Then, when the price for oil drops, the Central Bank will reduce the outflow forecast to between 10 and 25 billion US dollars.