Russian capital outflows rise to £3bn a week

Article reports that Russia was facing growing capital outflows in the autumn of 2010 that had already topped $21bn up to October 2010, as business people hedged their bets against potential shake-ups ahead of presidential elections in 2012 while the economic outlook dimmed.

As the other Bric nations were trying to stem the tide of cash inflows, Russia was experiencing a cash exodus and weakening currency.

ESO: Background information: Putin’s ex-aide takes over as Moscow mayor http://www.europeansources.info/record/putins-ex-aide-takes-over-as-moscow-mayor/

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