Finance Ministry sees no signs of capital outflow from Russia - deputy minister

The Russian Finance Ministry is skeptical about pessimistic scenarios and forecasts regarding capital outflow from Russia and believes there are no grounds for them.

"I do not see any reasons to begin withdrawing resources from the Russian Federation. What has pretty often been called capital outflow is in fact the repayment of loans received earlier," Russian Deputy Finance Minister Sergei Storchak said.

"I do not see any signs of [capital] flight. This is normal banking practice," Storchak, a member of the Russian delegation accompanying President Vladimir Putin on his visit to Kyrgyzstan, told journalists in Bishkek on Thursday.

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