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Central bank chairman concerned about high capital outflow

© Sputnik / Ruslan KrivobokRussia's Central Bank
Russia's Central Bank - Sputnik International
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Russia's Central Bank Chairman Sergei Ignatyev expressed concern over the country's high capital outflow on Tuesday.

Russia's Central Bank Chairman Sergei Ignatyev expressed concern over the country's high capital outflow on Tuesday.

"It looks like non-financial organizations have considerably increased their foreign assets, or balances on their accounts in foreign banks and property acquisitions in the last two months. I do not have complete information yet, so I cannot give an exhaustive answer, but I am also concerned about it," Ignatyev told a meeting of State Duma lower parliament house when asked about the reasons for capital flight.

Russia's net capital outflow amounted in January-September to $21 billion, including $8 billion in September-October, he said.

MOSCOW, November 23 (RIA Novosti)

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