Russia expects no massive capital flight in 2011

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Russia expects no massive capital flight in 2011

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Russia expects no massive capital flight in 2011

MOSCOW , May 24 (Xinhua) -- The Russian government did not expect any massive capital flight from the country this year despite mounting capital outflow in the first quarter , a high-ranking Kremlin official said Tuesday."We believe that in the second half of the year (capital) inflow will compensate , at least partially, the outflow which is taking place in the first half," presidential aide Arkadi Dvorkovich told a news conference.He said the government was not concerned about the appreciation of the rouble."Strong ruble is good , though too strong ruble can create certain problems. We don't see any hazards of excessively strong rouble ," he said.According to the Russian Central Bank , capital outflow from Russia amounted to 21.3 billion U.S. dollars in the first quarter.

mezl10sx 25.11.2011 0 233

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mezl10sx

25.11.2011 (4953 days ago)

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Russia expects no massive capital flight in 2011