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Capital outflow from Russia may be slightly over $90 billion - finance ministry

October 11, 2014, 8:46 UTC+3 WASHINGTON
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WASHINGTON, October 11. /TASS/. Russia’s net capital outflow in 2014 may be slightly over $90 billion, head of the Finance Ministry’s strategic planning department Maxim Oreshkin said on Saturday.

“In fact, even 90 are quite realistic, though it might be just a little more,” he said. “Thus, I do not think we should review the level.”

The Bank of Russia (central bank) reports in January-September 2014 the net outflow was $85.2 billion (twice more year-on year - from $44.1 billion). The Bank’s First Deputy Kseniya Yudayeva told reporters in December the Bank may change its forecast for $90 billion.

The finance ministry’s official said the capital outflow “is not likely to be above” $100 billion.

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