MOSCOW (Prime-Tass) -- Russia's capital outflow
and inflow were equal
in the first quarter of this year for the first time in the last
10 years,
Mikhail Zadornov,
deputy chairman of the Duma's budget and tax committee,
said in an Ekho Moskvy radio interview Wednesday.
He said more capital is being repatriated to Russia due to the
softer
investment climate and the reduction of the tax burden.
Capital flight in 2000 was $24 billion, he said, and dropped
to $4
billion in 2002.
He said he disliked the idea of an amnesty on illegal capital
exports,
but said the amnesty could return "significant resources
to the country."
Finance Minister Alexei Kudrin in February said net capital
flight
from Russia totaled $12 billion in 2002, down from $17 billion
in 2001.
|
