Russia’s Q2 Net Capital Outflow Falls to $9.5 Bln

© RIA Novosti . Mikhail Kutuzov / Go to the mediabankRussia’s Q2 Net Capital Outflow Falls to $9.5 Bln
Russia’s Q2 Net Capital Outflow Falls to $9.5 Bln          - Sputnik International
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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, the Bank of Russia said on Wednesday.

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, the Bank of Russia said on Wednesday.

The Central Bank’s capital outflow forecast for 2012 is $10.5 billion, based on an average oil price of $100 per barrel, but Central Bank First Deputy Chairman Alexei Ulyukayev said in January the regulator expected capital outflow to match capital inflow in 2012.

Russian Finance Minister Anton Siluanov has said capital outflow from Russia may hit $40 billion in 2012.

The Central Bank has also revised the 2011 capital outflow figure from $84.2 billion to $80.5 billion, up from $34.4 billion in 2010.

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.

 

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