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Russia Lost $38.1BLN in 1H 2013 in Capital Outflow
8.07.2013 11:12
Russia Lost $38.1BLN in 1H 2013 in Capital Outflow
Photo Credit: http://newsland.com

Net capital outflow totaled $38.1 billion over the past six months, according to an estimate of the Central Bank.

      It’s higher than the official forecast of the Economic Development Ministry, which stood at $30-35 billion, but the upside is that the pace has slowed down in the second quarter. It saw the flight of only $9.1 billion while the 1Q 2013 witness a staggering $29 billion outflow.

      On July 1, Alexey Ulyukayev, the new Economic Development Minister, said the overall figure for 2013 could amount to $50 billion. 




Author: Mikhail Vesely

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