FINANCIAL TIMES: …Andrei Klepach, Russia’s deputy economy minister, said on Monday that capital outflows in the first quarter were expected to be closer to the top end of a $65bn-$70bn government estimate, as fears of tighter sanctions hit the economy.
That would exceed the $63bn that flowed out of the country in the whole of last year and is higher than the $50bn figure mooted by Mr Putin’s economic adviser Alexei Kudrin 10 days ago.
Moscow’s warning came as world leaders called for Russia to be suspended from the G8 group of nations. Ben Rhodes, deputy national security adviser to US President Barack Obama, confirmed the G7 would meet in Brussels in June. He said there was no need for the G7 to engage with Russia as long as the country was “flagrantly violating international law”… (more)
