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    Russia's Capital Outflow Could Reach $100Bln in 2014 - Putin's aide

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    Capital flight from Russia may reach some $100 billion in 2014, a presidential aide said Wednesday.

    NOVO-OGARYOVO, March 26 (RIA Novosti) - Capital flight from Russia may reach some $100 billion in 2014, a presidential aide said Wednesday.

    “I believe that the figure would be around $60-80 billion, but counting interventions [by Central Bank to reduce volatility], it could be some $100 billion,” Andrey Belousov said.

    According to Central Bank data, net capital outflow from Russia increased from $54.6 bln in 2012 to 62.7 bln last year.

    The World Bank warned earlier on Wednesday that Russia may see capital outflow at $150 bln this year due to the current standoff with the West over the Crimean crisis.

     

    Tags:
    capital outflow, Russian Central Bank, Andrei Belousov
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