The Russian Finance Ministry slashed its annual capital outflow forecast to $60 billion, the ministry’s head Anton Siluanov said in Moscow on Sunday. Siluanov predicted earlier that the capital drain would stand at $65 billion to $70 billion.
The Russian Central Bank said capital outflow already reached $61 billion between January and October, and predicted the year-end figure to stand at $67 billion. The Economic Development Ministry’s capital outflow estimates for 2012 range from $60 billion to $70 billion.
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