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Russian Finance Ministry says capital outflow likely to top $70 bln in 2015 — minister

October 09, 2015, 18:58 UTC+3 LIMA
"In general this evidences that the situation is improving each quarter as we expected. This is a positive shift,’ Russian Deputy Minister said
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© ITAR-TASS/Valeriy Matytsin

LIMA, October 9. /TASS/. Russian Finance Ministry says capital outflow from the country is likely to top $70 bln, Deputy Minister Maxim Oreshkin said on Friday.

"Earlier we estimated (capital outflow - TASS) at $70-80 (bln). Recently we’ve shifted closer to $80 while now we’re closer to 70 (bln of dollars - TASS) for the year. In general this evidences that the situation is improving each quarter as we expected. This is a positive shift,’ Deputy Minister said.

According to statistics provided by the Bank of Russia earlier on Friday capital outflow from Russia stood at $45 bln in 9 months of 2015 while $5.3 bln worth of capital inflow was recorded in the third quarter. The Finance Ministry said for the whole 2015 capital outflow will reach $70-80 bln.

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