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  Wednesday, October 16, 2019
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Capital inflow into Russia is expected to be higher than projected
Capital inflow into Russia is expected to be higher than projected by Russia's monetary authorities, the head of an economic expert group said following discussions with U.S. and British analysts Tuesday.

Yevsei Gurvich said in the run up to the 12th St. Petersburg International Economic Forum due to be held on June 6-8 that the IMF projected net capital inflow into Russia to reach $45 billion in 2008 compared with the $25-40 billion estimate made by Russia's Central Bank and Finance Ministry.

According to the International Monetary Fund, net capital inflow into Russia could hit $70 billion in 2009.

The expert discussions were held via a video link arranged by RIA Novosti news agency, which is the general information sponsor of the XII SPIEF. 

Gurvich shared the optimism of his western colleagues: "We do not expect any reduction in direct and portfolio investment into our country. Oil prices are rising along with investment and consumer demand. Russia has not been involved in U.S. mortgage securities."


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