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Capital outflow from Russia at $15-20 bln in February

March 20, 2014, 21:37 UTC+3 MOSCOW
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MOSCOW, March 20, 20:49 /ITAR-TASS/. Capital outflow from Russia amounted to roughly $15-20 bln in February 2014, Russian Presidential Aide Andrei Belousov told reporters on Thursday.

“I know no investor, who funnels his investments out of Russia now. While talking of the capital outflow jump, we are just stating the real fact. In January, the outflow was at 20 billion U.S. dollars, and about $15-20 bln in February. There are no final estimates. But, (the outflow) did not affect the real sector of the economy. It is the outflow from financial markets, including the loan market,” Belousov said.

Moreover, he stressed that Russia has rather a great number of sectors in its economy, including those in the industry, where investments continue growing by four, five and seven percent a year. As an example, Belousov mentioned the machine building and food industries.

In the mean time, the presidential aide pointed to the significant decline in the investments in Russia’s regions. In 2013, the decreased was at about five percent in value terms.

According to the Bank of Russia, the capital outflow from the country amounted to $62.7 bln in 2013.

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