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Russian ministry more than doubles capital flight forecast for 2013

August 26, 2013, 22:54 UTC+3

In 2012, capital flight exceeded 56 billion U.S. dollars

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MOSCOW, August 26 (Itar-Tass) - The Russian Ministry of Economic Development has revised its forecast for capital flight in 2013, more than doubling it from 30 billion U.S. dollars to 71 billion U.S. dollars.

Earlier assessments put the amount of capital to be taken out of the country in 2013 at 50 billion U.S. dollars.

The ministry expects the outflow of capital to be 30 billion U.S. dollars in 2014 (compared to earlier zero projections) and 25 billion U.S. dollars in 2015 (compared to an influx of 10 billion U.S. dollars expected before).

According to the ministry, there may be zero balance of capital movement in 2016 (earlier it projected an influx of 20 billion U.S. dollars).

In 2012, capital flight exceeded 56 billion U.S. dollars.

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