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Russian Finance Ministry expects capital outflow from Russia in 2015 at $60-80 billion

December 02, 2014, 19:00 UTC+3 MOSCOW

The Finance Ministry’s optimistic scenario stipulates that the oil price will fall to $80 per barrel, and its pessimistic scenario envisions that the price will drop to $60 per barrel

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© EPA/YURI KOCHETKOV

MOSCOW, December 2. /TASS/. Russia’s Finance Ministry expects capital outflow from Russia in 2015 at the level of $60-80 billion in line with a pessimistic scenario, Maxim Oreshkin, the head of the ministry’s long-term strategic planning department, told journalists Tuesday.

“We consider this assessment pessimistic in principle,” Oreshkin said without specifying what the optimistic assessment was like.

The Finance Ministry’s optimistic scenario stipulates that the oil price will fall to $80 per barrel, and its pessimistic scenario envisions that the price will drop to $60 per barrel.

Net capital outflow from Russia in 2014 may reach $130 billion, Bloomberg news agency said earlier, citing Russian Finance Minister Anton Siluanov.

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

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