Georgia launched major ground and air attacks to seize control of South Ossetia on August 8, prompting Russia to send in tanks and thousand of troops. Russia announced on August 12 a halt to its operation to force Georgia to accept peace.
According to Kudrin, capital outflow hit $6 billion on August 8 and another $1 billion on August 11.
Kudrin said net capital inflow in 2008 will be slightly below the $30-40 billion figure predicted by the Central Bank of Russia.
"Capital inflow will be slightly below the official forecast due to the persisting global financial crisis and certain political risks that have emerged recently and influenced foreign investors' behavior," Kudrin said.
Add to blog
You may place this material on your blog by copying the link.
Image Galleries: Christophe de Margerie: 40 Years With French Oil and Gas Giant
Infographics: Nobel Peace Prize
The 11th Meeting of the Valdai International Discussion Club: The World Order: New Rules or No Rules?
The opening session entitled The Limits of Governability, or Systemic Failure provided the basis for subsequent discussions and highlighted the most painful issues in contemporary international relations.