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Finance ministry expects capital outflow from Russia in 2015 at less than $100 billion

February 06, 2015, 19:17 UTC+3 NEW YORK
According to the finance minister Anton Siluanov, the capital outflow will be compensated by the current account surplus that might reach $75 billion
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© AP Photo/Alexander Zemlianichenko

NEW YORK, February 6. /TASS/. Russia’s finance ministry forecasts a capital drain of below $100 billion in 2015, Russian Finance Minister Antov Siluanov told Bloomberg on Friday.

Companies will have to repay at most $60 billion to $70 billion this year, he said, adding that net capital outflows in 2015 is expected to slow to no more than $100 billion.

"The problem of payments in 2015 is probably about half what many commentators are saying," Siluanov said. "The payment schedule showed $60 billion coming due in the fourth quarter, though actual payments were just $28 billion."

The minister said the capital outflow will be compensated by the current account surplus that might reach $75 billion.

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