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Finance Ministry expects annual capital outflow from Russia at up to $80 billion

The ministry's official drew a parallel with the year 2008, when the global financial crisis began

Maxim Oreshkin, director of the Finance Ministry’s long-term strategic planning department ITAR-TASS/Sergei Fadeichev

Maxim Oreshkin, director of the Finance Ministry’s long-term strategic planning department

© ITAR-TASS/Sergei Fadeichev

MOSCOW, April 21. /ITAR-TASS/. The Finance Ministry and the Economic Development Ministry have different forecasts regarding capital outflow from Russia in 2014, with a gap of 20% in figures.

Maxim Oreshkin, director of the Finance Ministry’s long-term strategic planning department, on Monday said capital flight is expected to total up to $80 billion at the end of the year. Economic Development Minister Alexei Ulyukayev cited another figure, up to $100 billion, on April 16.

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