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Capital flight from Russia may not reach $100 billion at yearend

MOSCOW, October 8. /TASS/. Capital flight from Russia may be less than $100 billion, Economic Development Minister Alexei Ulyukayev said on Wednesday as he spoke on the Moscow Echo radio.

“We didn’t change the forecast and it remains at $100 billion although we ourselves think it will be somewhat smaller than that,” he said speaking of the ministry’s predictions for the outflow of capitals.

The accumulated outflow in the period of January through to August, 2014, stood at $78 billion, said Ulyukayev.

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Economy Alexey Ulyukayev

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