About $130 billion in capital is likely to leave Russia by the end of 2014, Bloomberg reports, citing Finance Minister Anton Siluanov. If confirmed, the figure would mark the second worst year for the country since the 2008 financial crash, in which $133 billion fled the country, and mark the seventh consecutive year of net outflows. It comes after the rouble fell 23% against the dollar over the past three months on the back of collapsing oil prices and a sluggish Russian economy. To put the figure in perspective, the entire national output of Russia’s neighbour Ukraine was $177 …read more
Source: Business Insider
