Russian net capital outflow to top $90bn this year

Russian net capital outflow is likely to exceed $90bn this year but will fall short of $100bn,  the head of the Russian Ministry of  Finance ‘s  long-term strategic planning department Maxim Oreshkin is predicting. “The outflow in the third quarter amounted to $13 billion and if we assume that it is going to be the same in the fourth quarter, then the year end total will be $90bn,” he said, “but it looks like it is going to be slightly more in the fourth than in the third quarter.” rbth