Moscow (AFP) – Net capital outflows from Russia more than doubled in 2014 to $151.5 billion, prompted by the Ukraine crisis and the plunging value of the ruble, according to statistics from the central bank.Russia in 2013 had already seen its high level of capital flight, a recurring problem for the country, reach $61 billion.In early December, the central bank estimated that capital flight would amount to $128 billion but it was pushed higher by the ruble’s steep plunge at the end of the year on the back of falling oil prices and growing panic as people rushed to exchange …read more
Source: Business Insider
