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. Last Updated: 07/27/2016

Capital Flight

MOSCOW -- The Central Bank said Friday that Russian companies whisked about $2.5 billion out of the country in September, Interfax reported.

Central Bank chairman Viktor Geraschenko, meeting with lawmakers from the State Duma, said Russia needs to create better investment conditions if it is going to halt the flight of capital.

He added that the bank is keeping close tabs on popular tricks used to take cash abroad.