Lavrov: first step under 1956 declaration on peace treaty is signing of itRussian Politics & Diplomacy December 03, 14:47
Bank of Russia disclaims reports hackers steal 2B rubles from its correspondent accountsBusiness & Economy December 03, 14:42
Moscow sees nothing new in Congress banning cooperation between military of two countriesRussian Politics & Diplomacy December 03, 14:41
Lavrov: joint projects with Japan to bring relations to new levelRussian Politics & Diplomacy December 03, 12:29
Defense ministry says Russia delivers humanitarian aid to Aleppo daily 'unlike UK'World December 03, 7:29
Foreign ministers of Russia, Japan will discuss Putin’s upcoming visit to TokyoRussian Politics & Diplomacy December 03, 3:37
President of Luxembourg Forum welcomes Russia’s attention to threat of nuclear terrorismWorld December 03, 3:11
Presidential polls to determine vector for Uzbekistan’s further development — CEC chairmanWorld December 03, 2:44
Lavrov, Kerry discuss settlement in Syria at conference in RomeWorld December 03, 1:36
MOSCOW, April 16. /ITAR-TASS/. Russia’s Economic Development Ministry forecasts that the outflow of capital from the country at the end of 2014 will stand at around $100 billion.
Economic Development Minister Alexei Ulyukayev said in the lower house of Russia’s parliament, the State Duma, on Wednesday that the outflow in the first quarter totaled $50 billion according to Central Bank statistics and $63 billion according to Economic Development Ministry statistics. The minister said the economic situation is the most critical since 2009, noting that it has become even tenser in the recent months.
“Uncertainty in global markets, investors’ unpreparedness to make investment decisions in a critical international situation that has formed in the past two months have added to internal slowdown factors,” Ulyukayev said.
Russia’s annual GDP grew 0.8% in the first quarter of 2014, he said. The forecast for the entire year is that the growth will slow down to 0.5% even if sanctions against Russia are not intensified. The minister said investment in fixed capital in the first quarter went down 4.8%.
Ulyukayev said the issue of co-financing by the federal budget of Russian constituent members’ work needs adjustment. This is in particular connected with the growth of the regional debt that has already reached 1,800 billion rubles ($50 billion).
Earlier the Finance Ministry proposed lowering the bar on co-financing of events in regions from the current 50% to 30%, which should release 80 billion rubles ($2.2 billion) into Russia’s budget.