Russia Faces Capital Flight

Dec 7, 2011 | Posted by: coolncrazy | Full story: online.wsj.com

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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1 - 2 of 2 Comments Last updated Sep 10, 2012
Small Town America UGX

Mays Landing, NJ

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#1
Dec 7, 2011
 
More cash leaving Russia as the demonstrations againt Putin, et al continue. Those who have financial interests are becoming aware how serious the masses are. It seems many are waking up to this fact. Putin and his gangster cronies must realize that their worst nightmare is becoming a reality. Keep it up Russians. You are having an effect.
sunshine

Atlantic City, NJ

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#2
Sep 10, 2012
 
I would leave Russia too, but all my clients are russian drunks that hire me to perform in alley-ways. I have been shunned by men in other countries.

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