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Net capital inflow in Russia hits $57 bln in Jan-Sep

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Russia's net capital inflow totaled $57 billion in the first nine months of the year, the Central Bank said Friday.
MOSCOW, October 19 (RIA Novosti) - Russia's net capital inflow totaled $57 billion in the first nine months of the year, the Central Bank said Friday.

The country saw net capital inflow of $59 billion in January-August, but a net outflow of $2 billion in September.

The annual net capital inflow in 2007 could reach up to $65 billion, the first deputy chairman of the Central Bank, Alexei Ulyukayev said.

The official Central Bank forecast for net capital inflow in 2007 is $70 billion, compared with $42 billion in 2006.

Russia's net capital inflow saw a considerable growth in April and May this year due to IPOs by Sberbank and Vneshtorgbank (VTB) totaling $16 billion.

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