MOSCOW, August 30 (RIA Novosti) - A Russian government source said Thursday that the country's net capital outflow from August 1 through 24 is preliminarily estimated at $10 billion.
"There is nothing related to a crisis about it, as capital is flowing out against the backdrop of general anxiety on world markets. The money is flowing out not only from Russia, but from many developing markets as well," the source said.
The government representative added that Russia had a wide safety margin against a financial market crisis due to financial assets accrued and trade balance surplus.
The spokesperson said net capital outflow for the whole of August could reach some $10 billion "or a little more."
In the first half of this year, Russia saw a record $67 billion net capital influx, and the source said a small influx was expected in September. "Or it will fluctuate near the zero level," the representative added.
According to the Central Bank of Russia forecasts, net capital influx will remain at $70 billion in 2007.
