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Capital flight from Ukraine soars 243% Jan.-Feb. - minister

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"In the first two months alone, capital flight reached $2 billion against $822 million last year," Arseniy Yatsenyuk told a government session.

KIEV, April 27 (RIA Novosti) - Capital flight from Ukraine has jumped 243% year-on-year to $2 billion in the first two months of 2006, the economics minister said Thursday.

"In the first two months alone, capital flight reached $2 billion against $822 million last year," Arseniy Yatsenyuk told a government session.

He said the figure had hit $3 billion in the first quarter of 2006.

The minister said the trend was caused by underestimated imports.

"These are special schemes for transferring capital (abroad) through banks," Yatsenyuk said.

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