The Minister of economic development Alexei Ulyukayev said that the Ministry expects capital outflow from Russia in 87 billion dollars for the year.
MOSCOW, 13 Oct. The Minister of economic development Alexei Ulyukayev expects capital outflow from Russia by the end of the fourth quarter of 2015.
“The situation of the fourth quarter is likely to be different (from the third quarter — ed.) and especially December (large debt repayment scheduled for December). I don’t expect a dramatic fourth quarter, it is highly likely that the balance will be negative, but small,” — said Ulyukayev in an interview with TV channel “Russia 24”.
The CBR said on Friday that in the third quarter of this year the inflow of capital into Russia amounted to $ 5.4 billion. The inflows recorded for the first time since the second quarter of 2010.
Speaking about the situation in the third quarter, when there was a slight inflow of capital, Ulyukayev said: “this kind of really adjustments to the repayment schedule of the debt. The fact that a significant part of the debt is corporate debt. Plus we know that there is now the possibility to enter the capital market. Recently, several Russian companies successfully listed its bonds. We see that the improved dynamics in the stock market. Some strengthening of the ruble, which occurred over the last month is always the signal for those who work in the money market”.
The Ministry of economic development expects capital outflow from Russia in 2015 at the level of 87 billion dollars, reported the speaker on Monday. According to the Finance Ministry, the outflow of capital from the country by the end of this year will be closer to 70 billion dollars.