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Bank Of Russia: January Capital Outflows $11 Billion - Report

MOSCOW -(Dow Jones)- Capital outflows from Russia totaled $11 billion last month, First Deputy Central Bank Chairman Alexei Ulyukayev said, business daily Vedomosti reports Wednesday.

"If you take a look, the numbers of the past few months for outflows are similar," Ulyukayev said in an interview with the paper. "Our estimate for January outflows is $11 billion."

Earlier this week, Deputy Economy Minister Andrei Klepach said Russia had likely seen around $17 billion in capital flight last month, well above estimates of the central bank and analysts.

Capital flight from Russia last year totaled $84.2 billion, the largest since the 2008 financial crisis, partly due to the uncertainty surrounding presidential elections in March and a poor investment climate.

Website: www.vedomosti.ru

-By Ira Iosebashvili, Dow Jones Newswires; 7-495-232-9192; ira.iosebashvili@ dowjones.com

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  02-22-120310ET
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