EconMin forecasts Russias 2012 net private capital outflow at USD 50bn.

By bne IntelliNews August 7, 2012
Russia's net private capital outflow may amount to around USD 50bn in 2012, deputy EconMin Andrei Klepach has announced, as cited by RIA Novosti. The outcome will depend on oil prices, he noted. The EconMin expects the average price for Urals blend oil to be below USD 115 per barrel in 2012, he added. In April, the ministry revised its forecast for the average price for Urals oil for 2012 to USD 115 per barrel from USD 100 per barrel. The official 2012 capital outflow forecast now stands at USD 25bn. The net capital outflow from Russia in Q1 went up by 44% y/y to USD 47bn. In May alone capital outflow slowed down to USD 5.8bn from estimated USD 7.3bn in April, USD 7bn in March, USD 11.2bn in February and USD 15.2bn in January.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Russias participation in Cyprus bail-out under question.

As Cyprus is trying to come up with new ways to raise EUR 5.8bn needed to secure the financing from ECB, EC, and IMF, Russia's participation in the package is not clear. According to the latest ... more

Fitch: Russian banks risks in Cyprus limited.

Fitch Ratings believes that resolution of the Cyprus crisis with a deposit levy or some other form of burden sharing involving creditors is unlikely to result in material losses for Russian ... more

Sources: Russia could triple oil exports to China.

Russia and China discuss contracts that would triple exports of Siberian oil through various transport corridors, Reuters reports citing unnamed sources in the industry. Rosneft is discussing ... more

Follow Us On

Most Read

  1. The models are wrong, climate change is accelerating faster than predicted
    5 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    9 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    7 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    7 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    30 days ago
  2. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  3. BRICS announce a blockchain-based payment system to create a common currency
    1 month ago
  4. Saudi Arabia to scale back plans for Neom city
    19 days ago
  5. Iran vs Israel: Who is better equipped for war?
    16 days ago

Reports

Dismiss