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#16 - JRL 2007-95 - JRL Home
Net capital inflow to Russia could reach $35 bln in 2007 - Ulyukayev

MOSCOW. April 23 (Interfax) - The Central Bank is forecasting that the net inflow of private capital to Russia could reach $35 billion in 2007, Central Bank First Deputy Chairman Alexei Ulyukayev said at a round table discussion at Moscow State University on Monday.

"This is a relative conservative and careful estimate," he said.

Net capital inflow was $13 billion in the first quarter of 2007, Ulyukayev said. This mainly was a result of additional placements by large Russian companies, he said. "Now these are not only oil and gas companies, but power companies, banks and telecommunication companies," he said.

"Our minimal estimate for inflow is $35 billion for 2007," Ulyukayev said.

He did not rule out that there could be capital outflow in the second half of 2007, but there will still be a positive surplus in any case.