Russians see bleak prospects for roubles

Wealthy Russians move cash abroad as protests, corruption and eurozone worries cloud economic outlook.

    Continuing protests in Russia over the country's political situation and concerns over corruption, coupled with fears of wider economic repercussions from the eurozone crisis, have prompted many wealthy Russians to move their financial assets abroad.

    The outflow of capital from Russia totalled more than $80.5bn in 2011 and $42bn so far already this year, prompting economists to urge the government to tackle corruption and become more business-friendly.

    Rory Challans reports from Moscow.

    SOURCE: Al Jazeera


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