Russian sappers demine in recaptured Aleppo districts more than 24 hectaresMilitary & Defense December 11, 15:09
Explosion in Cairo’s cathedral complex leaves 25 killed, 50 injured - televisionWorld December 11, 15:06
Putin offer condolences to Erdogan after Istanbul terrorist attackRussian Politics & Diplomacy December 11, 15:04
Putin offers condolences to Nigeria’s leader following terrorist attack in MadagaliRussian Politics & Diplomacy December 11, 15:03
Erdogan cancels visit to Kazakhstan due to Istanbul terrorist attack - newspaperWorld December 11, 11:15
The deal of buying Rosneft's 19.5% stock is outside sanctions - sourceBusiness & Economy December 11, 11:12
Syrian military supported by the Russian aircraft repel IS attacks near PalmyraWorld December 11, 11:10
Five people die in fire in Tatarstan-emergencies ministrySociety & Culture December 11, 11:04
Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
“The trend of capital outflow has largely come to a halt. While the April figures (for capital outflow) were significant, I’ll not be surprised if we see positive capital dynamics in some months,” Maksim Oreshkin said.
Most of the capital outflow in the first quarter of this year could be explained by the “public’s demand for foreign currency and the unwillingness of exporters to sell foreign currency proceeds,” the Finance Ministry official said.
Capital outflow trends at the beginning of 2014 are similar to the developments during the crisis period of 2008-2009, which registered an said up in the demand for foreign currency,” he said.
The latest data “demonstrate a steady growth of ruble deposits and a reversal of cash foreign currency dynamics in our country,” he said.
Russia’s Economic Development Ministry has said it expects a sharp decline in capital outflow in the second-fourth quarters of 2014 after $63.7 billion left Russia in the first quarter of this year. The ministry forecasts capital outflow to slow to $7 billion in the second quarter, $9 billion in the third and $10 billion in the fourth quarter.