- Sputnik International
Russia
The latest news and stories from Russia. Stay tuned for updates and breaking news on defense, politics, economy and more.

2014 Capital Flight From Russia May Top $90 Bln: Finance Ministry

© Sputnik / Alexei Filippov / Go to the mediabankCapital flight from Russia in 2014 can get slightly over $90 billion, a senior Russian Finance Ministry official claimed
Capital flight from Russia in 2014 can get slightly over $90 billion, a senior Russian Finance Ministry official claimed - Sputnik International
Subscribe
Capital flight from Russia in 2014 can get slightly over $90 billion but it is unlikely to exceed $100 billion, a senior Russian Finance Ministry official said Friday.

Updated 01:20 a.m. Moscow Time

WASHINGTON, October 11 (RIA Novosti) - Capital flight from Russia in 2014 can get slightly over $90 billion but it is unlikely to exceed $100 billion, a senior Russian Finance Ministry official said Friday.

"Even 90 [billion dollars] would be a viable scenario, or even a bit more," Maxim Oreshkin, the head of the Russian Finance Ministry's state planning department, told journalists in Washington.

"I don't think we need to revise [the estimates] completely," he added, saying the central bank was not likely to adjust its prognosis for the year 2014.

The Bank of Russia said earlier its capital flight evaluation for Russia in January-September 2014 was $85 billion. The bank's First Deputy Governor Ksenia Yudaeva said the annual estimate could be increased to $90 billion.

Oreshkin said these estimates counted in all changes in the bank's account balances, which he dubbed as "pseudo-outflow." "What remains is $77 billion," he added.

Answering the question whether Russia could see capital outflow figures exceed $100 billion, Oreshkin said it was "not likely."

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала