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Russia's net capital inflow hits $25 bln in 10M06 - CBR

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MOSCOW, November 29 (RIA Novosti) - Net capital inflow into Russia reached $25 billion in the first 10 months of 2006, a senior Central Bank official said Wednesday.

"The surplus on the capital operations account in the first 10 months of 2006 was $25 billion," First Deputy Chairman Alexei Ulyukayev said.

He said the CBR's forecast for net capital inflow for the whole of 2006 is $23-25 billion.

Ulyukayev said earlier the CBR forecasts net capital inflow in 2007 at $15 billion.

"We revised [the forecast for] net capital inflow for next year. Under a conservative scenario, it will total $15 billion," he said.

He said previously that in 2005, capital inflow had exceeded capital outflow for the first time since the 1990s - an era of massive capital flight - because of the healthier investment climate.

The Central Bank said in January that net inflows of private sector capital into Russia in 2005 totaled $300 million, compared to a net outflow in 2004 of $8 billion.

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