Net capital outflow from Russia hits $2.4 bln in Jan.-May

ST. PETERSBURG, June 8 (RIA Novosti) - Net capital outflow from Russia hit $2.4 billion in January-May, Gennady Melikyan, first deputy chairman of the Central Bank, told RIA Novosti on Sunday.

Russian Finance Minister Alexei Kudrin said on Saturday that net capital outflow was estimated at $5 billion in the first five months of the year.

In January-May 2007, Russia registered a net capital inflow of $61.7 billion.

Melikyan said a net capital inflow of $19.9 billion was registered in April and estimated at $2.3 billion in May.

Net capital outflow was $11.1 billion in January, $8.2 billion in February and $5.4 billion in March, Melikyan said.