Net capital outflow from Russia will amount to about $25 billion in 2016, Russian Economic Development Minister Alexey Ulyukayev told journalists, according to RIA Novosti.
”I agree with the chairman of the Bank of Russia that the capital outflow may be reduced to $25 billion. It is very close to our expectations,” he said.
On June 17, the Bank of Russia improved the outlook for capital outflow from Russia from $47 billion to $25 billion for 2017, and from $52 billion to $29 billion for 2018.
The official forecast of the Ministry of Economic Development for the outflow of capital is $40 billion.
The Ministry traditionally revises the macroeconomic forecast for the current year in September.
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