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08Apr14

Capital drain from Russia in 2014 may reach $100 billion - ministry

Capital drain from Russia in 2014 may reach $100 billion, Russian Deputy Minister of Economic Development Andrei Klepach said on Tuesday.

The ministry, in his words, predicts this index in both its basic and conservative scenarios.

Furthermore, the conservative scenario puts the capital outflow at $ 50 billion in 2015, $ 20 billion in 2016, and 10$ billion in 2017.

The basic scenario forecasts capital outflow in 2015 at $ 40 billion US, in 2016 - zero, and in 2017 a capital inflow of $ 10 billion.

[Source: Itar Tass, Moscow, 08Apr14]
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