By Prensa Latina
Moscow : Russia’s Central Bank reported the flight of $22.8 billion dollars on the first quarter of 2008.
The RCB report says net fund drain of Russian Banks from January to March range from $700b to $900b, while other sectors claim up to $15b.
By contrast, benefits on the same period of 2007 with private capital inflow were $13.5b, and the trend remained stable, save the third quarter, when outflow peaked $7b.
Finance Minister Alexei Kudrin forecasted capital inflow for April and the RCB set annual flow at $40b in 2008, with a more cautious projection and closer to the $30b to $40b forecasts of the Ministry for Trade and Economic Development.