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.
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The President talked about sincerity as a fundamental value that can effectively counter the harsh information war waged against Russia by Ukraine on behalf of the US, and, to a lesser extent, the EU. Russia has moderated its response, helping Ukraine and the US to shine, as the saying goes, in all their beauty and ugliness.