Russia's capital outflow to amount to $25 bln in 2016

REUTERS

"I agree with the chairman of the Bank of Russia that the capital outflow may be reduced to $25 billion. It is very close to our expectations," he said.

On June 17, the Bank of Russia improved the outlook for capital outflow from Russia from $47 billion to $25 billion for 2017, and from $52 billion to $29 billion for 2018.

Read alsoUkraine to issue $1 bln worth of eurobonds with U.S. loan warranty in Aug – sourceThe official forecast of the Ministry of Economic Development for the outflow of capital is $40 billion.

The Ministry traditionally revises the macroeconomic forecast for the current year in September.