This year outflow of net capital from Russia could reach $130 billion, Russian Finance Minister Anton Siluanov told investors in Singapore.
Russian Central Bank has earlier increased the forecast of outflow of capital in 2014 from $90 up to $128 billion in the “Main Directions of Monetary Credit Policy for years 2015-2017,” reported Bloomberg.
By the end of the year the inflation rate could make 9%, according to the Russian Minister of Economic Development Aleksei Ulyukayev. By the end of quarter 1, 2015 the growth of prices could constitute 10%, because of devaluation and exceed the forecast by 3.5%. Weakening of Russian rubles against the main currencies constituted 30-40% and reduction by 1% adds 0.1% to the inflation rate after 6-9 months, reminded Ulyukayev.
Minister believes that a balanced rate must total 41-43 rubles to 1 USD. Until 2015 the Russian companies must find about $800 billion to cover the foreign debts and the maximum size of a negative balance must be the same, reported Interfax.
