All news

Russian Ministry of Finance expects $30 billion capital outflow in Q1 — Finance Minister

Concerning the capital outflow, we expect it as totaling about $30 billion in the first quarter and $90-100 billion in annual terms, Anton Siluanov says

MOSCOW, March 2. /TASS/. The Russian Ministry of Finance expects the $30 billion capital outflow in Q1, Finance Minister Siluanov said on Monday.

"Concerning the capital outflow, we expect it as totaling about $30 billion in the first quarter and $90-100 billion in annual terms. This is slightly lower than our assumption in the outlook, which was equal to $120-130 billion," the minister said. The said figure covers $60-70 billion of foreign debt repayments, Siluanov added.