Russia worries about capital inflows

Russia's central bank on 29 November raised its forecast for capital inflows this year and has hinted at tighter banking reserve requirements to slow the inflow of cash.

Alexei Ulyukayev, the first deputy chairman of the central bank of Russia, told the seventh international banking forum in Moscow that the net capital inflow amounted to $25 billion in the first ten months of 2006. Concerned about the fact that the capital account surplus will amount to approximately $23bn by the year-end, he