Capital outflow from Russia - less than thought
Published: 04 September, 2007, 06:34
Investors pulled money out of Russia last month – to the tune of a net $US 7.6 BLN.
But Economy Minister German Gref said that was lower than initial reports of $US 9 BLN.
Investors sold Russian assets last month as they lost their appetite for risk.
Over the full year, however, the Central Bank expects Russia to see an inflow of $US 70 BLN in private capital.
Gref also said the economy is expected to grow by as much as 7.4% this year, up from an earlier forecast of 6.5%.
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