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Russian capital outflow to be close to zero in 2010 claims minister

© RIA Novosti / Go to the photo bankFinance Minister Alexei Kudrin
Finance Minister Alexei Kudrin - Sputnik International
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Capital outflow from Russia is expected to be close to zero in 2010 while foreign direct investment could rise to over $40 billion this year from $36 billion in 2009, Finance Minister Alexei Kudrin said on Tuesday.

Capital outflow from Russia is expected to be close to zero in 2010 while foreign direct investment could rise to over $40 billion this year from $36 billion in 2009, Finance Minister Alexei Kudrin said on Tuesday.

"This year, there may still be capital outflow from Russia near the zero-level mark but in coming years we'll see a stable capital inflow," Kudrin told a business forum organized by VTB Capital.

Foreign direct investment could rise to $50 billion annually in subsequent years, Kudrin said.

Record high capital flight of $130 billion was registered in the crisis year of 2008, mostly in the fourth quarter, he added.

 

MOSCOW, October 5 (RIA Novosti)

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