CBR expects zero capital outflow in Sept-Dec - Ulyukayev
SOCHI. Sept 16 (Interfax) - The Central Bank of Russia expects zero outflow of capital from Russia in September-December this year, the bank's First Deputy Chairman Alexei Ulyukayev told reporters.
"We think that in the period from September to December there will be a roughly neutral position," Ulyukayev said. The CBR is sticking with its net capital outflow forecast of up to $35 billion this year, he said.
"Net capital outflow in August was about $3 billion," Ulyukayev said.
He does not expect changes in the timing of Sberbank and Sovcomflot's privatizations to have an influence on capital movement in 2011. "Definite difficulties have arisen because of the situation on global markets. It's likely that not all privatization projects slated for this year will be successfully implemented