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M. Continuo

Russia January-August net capital flight $52 billion: Economy Minister


    MOSCOW (Reuters) - Russia saw a net capital outflow of around $52 billion in January-August, Economy Minister Andrei Belousov said on Thursday.

    The Economy Ministry forecasts that some $60 billion in capital will flee Russia this year. The Central Bank estimates net capital outflow in 2012 at $65 billion.

    (Reporting by Oksana Kobzeva and Lidia Kelly)