Net capital outflow from Russia nearly doubles to $85.2 bln in Jan-Sept - Central Bank estimate
MOSCOW. Oct 10 (Interfax) - The net capital outflow from Russia rose 90% in the first nine months of 2014 year-on-year to $85.2 billion, up from $44.1 billion in the same period last year, according to data posted on the Central Bank's website.
The Central Bank forecast that capital outflow could total about $90 billion in 2014, but conceded that the figure could be even higher. The Economic Development Ministry's official forecast for capital outflow in 2014 is $100 billion.
The Central Bank has lowered its capital outflow estimates for the first and second quarters to $48.6 billion and $23.7 billion respectively from the initial $48.8 billion and $25.8 billion.
Capital outflow in the third quarter decreased by 45% from the previous quarter to $13 billion, according to the Central Bank's preliminary data.
