Net private capital outflow from Russia reached an estimated $13.6 billion in the third quarter of 2012© RIA Novosti. Ruslan Krivobok
MOSCOW, October 3 (RIA Novosti)
Net private capital outflow from Russia reached an estimated $13.6 billion in the third quarter of 2012, up from $9.7 billion in the second quarter, the Bank of Russia said on its website on Wednesday.
Russia’s net private capital outflow stood at $34.6 billion in the first quarter and reached $57.9 billion in January-September 2012.
Russia’s Central Bank expects annual net capital outflow of $60-65 billion in 2012.
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.
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. We presume 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.
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The self-defense forces in Donbass likely do not have the capability to win. Kiev will simply outlast the republic’s fighters. Ukraine still has many mobilization resources. The most important thing for self-defense fighters is not to win the war but rather not to lose it.