Feb capital outflow will be less than in Jan - Siluanov
MOSCOW. Feb 27 (Interfax) - Russian Finance Minister Anton Siluanov has said he expects net capital outflow from the country will stabilize this month and amount to less than in January.
"For the first month we had around $11-$12 billion in net outflow, though the Economic Development Ministry said it was around $17 billion, but I think that figure is inflated. And for February, according to the initial data, we see that there will be no such outflow, and the situation is perhaps stabilizing," Siluanov told the press.
First Deputy Chairman of the Central Bank of Russia Alexei Ulyukayev has estimated net capital outflow from Russia at $11 billion for January. Things could change, and there might be "a small inflow" in February, he said at the start of the month.
Deputy Economic Development Minister Andrei Klepach has said his ministry judges there will be capital inflow in February and March.