Monday, March 31, 2008

Analysts said foreign funds had begun to unwind large positions in Russia, fearing the country is overheating and has become increasingly vulnerable to a fall in oil and commodity prices.

Capital flight from Russia over the first two of months this year reached $20bn (£10bn), exceeding the outflows seen at the height of the 1998 default crisis.

Analysts said foreign funds had begun to unwind large positions in Russia, fearing the country is overheating and has become increasingly vulnerable to a fall in oil and commodity prices.

Posted by chris @ 01:19 AM (120 views)
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2 thoughts on “Analysts said foreign funds had begun to unwind large positions in Russia, fearing the country is overheating and has become increasingly vulnerable to a fall in oil and commodity prices.

  • Landedgentry says:

    HA HA, maybe the ruskies will be less cocky from now on and stop making silly threats like shutting off the gas, Or is this Foreign office propaganda in response to the commies claiming that the British council is a spying organisation?

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  • sold 2 rent 1 says:

    How would the UK cope with £20b leaving because of financial/housing downturn?
    Sterling will fall sharply.

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