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Russia’s capital outflow may hit $130 billion in 2014 — minister

November 17, 2014, 18:03 UTC+3 MOSCOW
According to Russian Finance Minister Anton Siluanov, Russia’s net capital outflow in 2014 may range from $120 billion to $130 billion
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© ITAR-TASS/Anton Tushin

MOSCOW, November 17. /TASS/. Net capital outflow from Russia may reach $130 billion in 2014, Bloomberg news agency said on Monday, citing Russian Finance Minister Anton Siluanov.

Russia’s net capital outflow in 2014 may range from $120 billion to $130 billion, the finance minister said at a meeting with investors in Singapore.

Russia’s Central Bank has raised its forecast on capital outflow in 2014 to $128 billion from $90 billion, according to the regulator’s specified monetary policy guidelines for 2015 and for 2016-2017 published on November 10.

Russia’s Economic Development Ministry expects capital outflow at $100 billion this year.

 

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