April 09, 2014 09:40
Russian Econ Ministry revises capital outflow forecast up to $100 bln for 2014
MOSCOW. April 9 (Interfax) - Russia's Economic Development Ministry has increased its capital outflow forecast for this year to $100 billion from the previous $25 billion, Deputy Economic Development Minister Andrei Klepach said at a Tuesday evening briefing in Moscow.
The outflow forecast for next year in the conservative scenario is increased to $50, in the base scenario to $40 billion. The previous forecast was for zero outflow in 2015.
Central Bank figures published on Tuesday show that net capital outflow from Russia by banks and companies jumped 80% to $50.6 billion in the first quarter of 2014 from $27.5 billion in the same period of 2013. However, this was less than the Economic Development Ministry's projection of $60 billion-$70 billion for the quarter.
"With [forex] swaps this is almost $60 billion [for the first quarter]. Maybe $10 billion less [for the year], but for now this is within the limit of accuracy. We're not going to change the forecast [for the year] for the time being," Klepach told Interfax, commenting on the Central Bank figures and the possibility of a new revision of the forecast for the year in light of the lower that expected figure for the first quarter.
In the base scenario the ministry is forecasting zero capital outflow in 2016, compared to a previously projected inflow of $20 billion, and an inflow of $10 billion in 2017. The conservative scenario projects an outflow of $20 billion in 2016 and $10 billion in 2017.
Cf pr vp of ak
(Our editorial staff can be reached at eng.editors@interfax
December 03, 2016
ICAO should analyze Ukraine's firing exercises to rule out such situations in future - Russian transport minister
Progress cargo spacecraft crash could have been caused by its own problems, not launch vehicle's - source
New U.S. proposals on Aleppo consistent with Moscow's opinion - Lavrov
Russia ready to send experts, diplomats to Geneva to discuss joint steps on Aleppo with U.S. - Lavrov
Moscow, Tokyo discussing joint economic activities in Kuril Islands - Lavrov
Lavrov: Peace treaty primary precondition for settling Russian-Japan territorial dispute
Lavrov warns against too high expectations of progress in peace treaty conclusion with Japan
Russian mine disposal experts to start working in eastern Aleppo soon - Defense Ministry
Russia interested in resolving peace treaty problem with Japan, but bringing positions closer together is not easy - Lavrov
RUSSIA INSISTS ON COORDINATING CONCRETE TIMEFRAMES WITH U.S. FOR IMPLEMENTING STEPS TOWARD NORMALIZING SITUATION IN EASTERN ALEPPO - LAVROV
MOSCOW READY TO IMMEDIATELY SEND MILITARY EXPERTS, DIPLOMATS TO GENEVA TO COORDINATE JOINT STEPS WITH U.S. FOR MILITANTS TO LEAVE EASTERN ALEPPO - LAVROV
LAVROV SAYS KERRY MADE PROPOSALS IN ROME THAT ARE CONSISTENT WITH RUSSIAN UNDERSTANDING OF HOW ALEPPO PROBLEM SHOULD BE RESOLVED
SPEARHEAD UNIT OF RUSSIAN MINE-DISPOSAL EXPERTS ARRIVES IN SYRIA, TO START WORKING IN ALEPPO SOON - RUSSIAN DEFENSE MINISTRY
MOSCOW, TOKYO DISCUSSING JOINT ECONOMIC ACTIVITIES IN KURIL ISLANDS - LAVROV