29 Dec 2010 13:19

Capital outflow from Russia will be $25-$30 bln for 2010 - CBR

MOSCOW. Dec 29 (Interfax) - The outflow of capital from Russia this year will reach $25 billion to $30 billion, First Deputy Chairman of the Central Bank of Russia Alexei Ulyukayev told the press.

Capital outflow this year "could be from $25 billion to $30 billion," Ulyukayev said.

Net capital outflow was about $27-$28 billion in January-November, Ulyukayev said.

Asked if capital inflow had been observed in December, he said, "Maybe there was a little bit, maybe not."

Russia is fully capable of keeping inflation to 6%-7% in 2011, Ulyukayev said. "We've not changed anything prior to the beginning of the year. I think it is fully achievable," he said.

First-quarter inflation will likely be tricky, he said. "Unfortunately, here [inflation] there is a great deal of psychology and very many expectations," he said.