Capital continuing to flee from Russia

The net outflow of private capital from Russia in the first quarter of 2015 was $32.6 billion, based on estimates of the Bank of Russia, with the figure during the same period of last year being $47.7 billion, Reuters has reported.

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The current account surplus in the first quarter of 2015 decreased to $23.5 billion, down from $25.9 billion.

As UNIAN reported earlier, Russia’s Finance Minister Anton Siluanov said that the capital outflow from Russia in the current year is expected at $70-90 billion.

The official forecast of Russia’s Ministry of Economic Development on capital outflows this year is $115 billion, but the head of department Alexei Ulyukayev said that according to recent estimates the outflow would be lower, at less than $100 billion.

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