Russia Sees Further Drop in Capital Outflows as Economy Adjusts
This article is for subscribers only.
Russian capital outflows will slow further as bonds and the ruble stage a comeback following a sell-off last year, Finance Minister Anton Siluanov said.
Net outflows will slow to $15 billion in the second quarter after a “sharp decline” in the previous three months, bringing the total for the year to about $90 billion, Siluanov said Tuesday at his ministry’s annual meeting in Moscow. Russia bore the brunt of economic damage in the first quarter and growth may resume in the second half, he said.