Zee Beam News

MOSCOW, October 3 (RIA Novosti) - Russia saw $16.7 billion net capital outflow in July-September, the Central Bank said on Friday. Net capital inflow in Russia stood at $40.7 billion in the second quarter of the year while net capital outflow reached $23.2 billion in the first, leaving the country with $0.8 billion in net inflow for the year to September. Deputy Economic Development Minister Andrei Klepach said on Monday that capital inflow into Russia in 2008 would be less than $30 billion. According to Central Bank and Finance Ministry forecasts, net capital inflow into Russia this year was expected to total around $40 billion. Net capital inflow into Russia totaled $25.5 billion in January-August 2008, including around $4.6 billion in August. Alexei Ulyukayev, the bank's first deputy chairman, earlier said net capital inflow into Russia in January-September this year would reach $20 billion, with net capital outflow in September hovering around August levels. The International Monetary Fund has said that net capital inflow into Russia this year would reach between zero and $15 billion.