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

2014/10/10

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.


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



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