04/07/2012 10:37:00

UPDATE: Russia Net Capital Outflow Jan-June at $43.4 Billion

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(Adds quarterly breakdown and background)

MOSCOW--Russia saw a net $43.4 billion in capital outflow in the first six months of the year, the central bank said Wednesday.

Capital outflow for the first quarter amounted to $33.9 billion, adjusted downwards from an earlier figure of $35.1 billion. Outflows shrank in the second quarter to $9.5 billion, the data showed.

Last month, the central bank said that outflows for January to June stood at $46.5 billion.

The central bank says capital flight is a twofold problem: Russian investors are boosting foreign assets and foreign investors are fleeing emerging markets amid debt worries in the euro area, one of Russia's main trading partners.

Write to Ira Iosebashvili at ira.iosebashvili@dowjones.com

(END) Dow Jones Newswires

July 04, 2012 05:37 ET (09:37 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

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