Currency converter
^
News Feed
News Search Topics
ОК
Use filter
You can filter your feed,
by choosing only interesting
sections.
Loading

Capital outflow from Russia turns to be lower than expected in 2015 — bank official

November 02, 2015, 19:39 UTC+3 MOSCOW
Capital outflow was expected at the beginning of the year to stand at over $100 bln
1 pages in this article
©  TASS/Sergei Fadeichev

MOSCOW, November 2. /TASS/. Capital outflow from Russia turns to be much lower than expected this year and will be about $60-65 bln, Deputy Chief Executive Officer of Russia’s state-owned Vnesheconombank Andrey Klepach said on Monday.

"Capital outflow is currently lower than initially expected. Capital outflow was expected at the beginning of the year to stand art over $100 bln or about $90 bln. Our expectations were about $87-90 bln. It appears currently that the outflow will be significantly lower, about $60-65 bln," Klepach said.

This is a huge amount nevertheless, Klepach said. Russia needs to return to the development model "where outflow scales are insignificant and when capital inflow will emerge in mid-term, despite sanctions and despite fleeing Russian money," he added.

Show more
In other media
Реклама
Реклама