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Capital outflow from Russia will stand at $90 bln maximum in 2015 — Finance Minister

March 23, 2015, 17:31 UTC+3

The ruble rate is strengthening and the capital outflow forecast has been revised

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© ITAR-TASS/Sergei Bobylev

MOSCOW, March 23. /TASS/. The capital outflow will be $90 billion maximum in 2015, the Finance Minister Anton Siluanov said on Monday.

"The ruble rate is strengthening and we revised the capital outflow forecast to the lower side. The outflow will be $70-80 billion, maximum $90 billion," the minister said.

The capital outflow this year will be much lower than a year earlier when it reached the record-breaking figure of $151.5 bln, Siluanov added. Stabilization of the financial system is the main condition for "the money not to leave the country," the finance minister said.

The Russia’s Central Bank forecasts the capital outflow in 2015 at the level of $111 bln while the Economic Development Ministry projects it as $115 bln.

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