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Capital outflow from Russia projected at $35 billion in 2015 and $29 billion in 2017

September 12, 2014, 18:08 UTC+3 MOSCOW
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MOSCOW, September 12. /ITAR-TASS/. Net capital flow from Russia may reach $35 billion in 2015, $29 billion in 2016 and $18 billion in 2017, according to the basic forecast released by the Central Bank on Friday.

The forecast envisions a gradual recovery of the global economy, a slight decrease of oil prices, resolution of geopolitical problems, and the lifting of most of the sanctions imposed on Russia.

Another scenario suggests that the geopolitical situation will deteriorate, the sanctions will continue and the debt burden on the economy will grow. In this case, capital flight from Russia may amount to $48 billion in 2015, $41 billion in 2016, and $43 billion in 2017.

Yet a third scenario envisions the worst possible developments when a deteriorating geopolitical situation will be accompanied by stagnating external demand and dwindling trade.

In this case, capital flight from Russia is estimated at $30 billion in 2015, $27 billion in 2016, and $12 billion in 2017.

The Central Bank expects $90 billion to be taken out of the country in 2014.

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