September 20, 2012 / 11:28 AM / in 5 years

Russia January-August net capital flight $52 billion: Economy Minister

MOSCOW (Reuters) - Russia saw a net capital outflow of around $52 billion in January-August, Economy Minister Andrei Belousov said on Thursday.

The Economy Ministry forecasts that some $60 billion in capital will flee Russia this year. The Central Bank estimates net capital outflow in 2012 at $65 billion.

Reporting by Oksana Kobzeva and Lidia Kelly

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