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Capital outflow from RF to make up 80 bln dlrs this year - Putin

December 27, 2011, 18:04 UTC+3
The premier said export and import were at about the same level this year; Russia’s foreign trade surplus grew by 30 percent, to reach 100 billion dollars
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MOSCOW, December 27 (Itar-Tass) —— Capital outflow from Russia will make up 80 billion dollars this year, Vladimir Putin said at the final cabinet meeting on Tuesday.

The premier said export and import were at about the same level this year; Russia’s foreign trade surplus grew by 30 percent, to reach 100 billion dollars. Russia’s integration projects (the Customs Union) played a part in this, the premier said.

At the same time, despite these successes, there are thing the government should take note of, the prime minister stressed. “I mean, for instance, capital outflow,” Putin noted. “It will reach about 80 billion dollars this year,” he said.

Measures to improve the investment climate in the country are another thing to ponder. While developing them it is necessary to take into account the processes under way in the world economy, the prime minister said. “Liquidity shrinks in the leading economies of the world and money is taken home from developing markets,” he noted. “In conditions of turbulence of the world economy our large companies that receive oil-and-gas profits look for the opportunity to deposit their extra funds in places where they will be secure and look for such quiet regions.”

Putin said that this is not unusual and that considerable amounts of funds return to the Russian economy in the course of the year. “I believe this will be so in the next year, too,” the premier said.

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