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Kremlin sees no reasons for concern due to growth of capital outflow from Russia

Capital lives only where there is freedom of movement for that capital, Putin spokesman noted

© Sergei Fadeichev/TASS

SINGAPORE, November 14. /TASS/. Russian presidential spokesman Dmitry Peskov sees no reason for concerns due to growth of capital outflow from Russia. According to him, Russia’s financial and economic situation is stable.

"The process is quite volatile - both outflow and inflow. Capital lives only where there is freedom of movement for this capital. In this case, it is important not to forget that Russia is a country where it is difficult to dispute the fact of financial and economic stability," Peskov said.

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"At the same time, there are absolutely free conditions for the movement of capital in the country. This guarantees that the outflow will be replaced by an inflow," he added.

Earlier, the Central Bank announced that the net export of capital from Russia by the private sector, according to a preliminary estimate by the regulator, increased 3-fold in January-October 2018 year-on-year and reached $42.2 bln.

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