| Russia's capital outflow soars to 84 bln U.S. dollars in 2011 |
| Last Updated(Beijing Time):2012-01-13 19:30 |
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Net capital flight from Russia has amounted to 84.2 billion U.S. dollars in 2011, Russian Central Bank said Friday.
It more than doubled the figure of 2010, when 33.6 billion dollars left Russian economy.
The Central Bank's statistics were also considerably higher than Russian government's earlier forecast, which put the capital outflow at 35 billion dollars in July 2011.
Experts said the private investors' risk aversion amid the global economic turmoil has been the main reason of the capital outflow.
Beside the global economic woes, the investors have been cautious over the political situation in Russia on the eve of March 4 presidential election.
Capital flight from Russia was historically high in 2008 when 133.7 billion dollars left the country on the peak of the global financial crisis. |
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