Russia's capital outflow reaches $8 bn

May 15, 2012 |

IANS

Moscow

Tags:

Net capital outflow from Russia amounted to some $8 billion in April, authorities said.

Deputy Economic Development Minister Andrei Klepach Monday said they expect the trend to continue in May.

In the first quarter of 2012, the net capital outflow from Russia amounted to $35 billion, Klepach added.

"This is more than we had expected," Xinhua quoted the minister as saying.

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