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Russia's capital inflow at $2 bln in May

© Jeff BelmonteRussia's capital inflow at $2 bln in May
Russia's capital inflow at $2 bln in May  - Sputnik International
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Foreign capital inflow into Russia reached over $2 billion in May, Central Bank First Deputy Chairman Alexei Ulyukayev said on Friday.

ST. PETERSBURG, June 5 (RIA Novosti) - Foreign capital inflow into Russia reached over $2 billion in May, Central Bank First Deputy Chairman Alexei Ulyukayev said on Friday.

"Capital inflow into Russia in May exceeded $2 billion according to the Central Bank's estimate," Ulyukayev said on the sidelines of the International Economic Forum in St. Petersburg.

The official predicted that capital outflow from Russia, which has totaled around $30 billion since the start of the year, is not likely to see a further increase.

"The outflow volume could remain unchanged - at around $30 billion since the beginning of the year," Ulyukayev said.

He also said Russia's monetary base in May decreased 5%, year-on-year, while in April it declined 8% compared with April 2008.

 

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