Russia Faces Capital Flight
Capital flight from Russia, already at $64 billion this year, is likely to intensify in coming months as a weak showing by Prime Minister Vladimir Putin's United Russia party in parliamentary elections heightens political uncertainty, economists said.
The net capital outflow, blamed on European banks and wealthy Russians concerned about a government shake-up, is now expected to exceed $85 billion in 2011, acting Finance Minister Anton Siluanov said late Monday.
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