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Net capital inflow in Russia in Jan.-Sept. at $27 billion - CBR - 1

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Russia's Central Bank said Tuesday that net capital inflow into Russia in the first three quarters of 2006 was $27 billion.
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MOSCOW, October 31 (RIA Novosti) - Russia's Central Bank said Tuesday that net capital inflow into Russia in the first three quarters of 2006 was $27 billion.

The figure is composed of a $4 billion net outflow in the first quarter, and $16 billion and $15 billion net inflows in the second and third quarters, respectively, the first deputy bank chairman said at an investment forum.

Alexei Ulyukayev also said the bank forecasts net capital inflow in 2007 at $15 billion.

"We revised [the forecast for] the net capital inflow for next year. According to the conservative scenario, it will total $15 billion," he said.

Ulyukayev also said direct investment grew 40-50%, along with portfolio investment.

Ulyukayev earlier said that in 2005, capital inflow had exceeded capital outflow for the first time since the 1990s - an era of massive capital flight - because of a healthier investment climate.

The Central Bank said in January that net inflows of private sector capital into Russia in 2005 totaled $300 million, compared with a net outflow in 2004 of $8 billion.

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