Arab Today, arab today russia\s capital outflow expected to hit 3040 bln in \11
Last Updated : GMT 05:28:56
Arab Today, arab today
Arab Today, arab today

Russia\'s capital outflow expected to hit $30-40 bln in \'11

Arab Today, arab today

Arab Today, arab today Russia\'s capital outflow expected to hit $30-40 bln in \'11

Moscow - Ria Novosti

Russia's Economic Development Ministry expects the country's capital outflow to hit $30-40 billion in 2011 instead of the earlier forecast zero capital inflow, Deputy Economic Development Minister Andrei Klepach said. "We will not be able to get zero capital inflow this year, the outflow will total about $30-40 billion," Klepach said. In 2012 the inflow is also expected at the zero level, according to Klepach, however there are more chances for the positive inflow than for the outflow. As for 2013-2014, the ministry expects an insignificant capital inflow amounting to about $10-20 billion. "This is a conservative estimation. The reason is that the economic growth rates are higher than in the developed countries," Klepach said, adding that it was the major condition for the attraction of capital to the country.

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