Russia protests spark massive money outflow

2012-08-31 12

Russia's continuing protest movement that began in 2011 against alleged corruption and vote-rigging by the ruling United Russia party of President Vladimir Putin has caused many wealthy Russians to move their financial assets abroad amid widespread fears of a looming economic crisis.

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

Rory Challans reports from Moscow.

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