March 24, 2017 / 12:25 PM / 4 months ago

Russia c.bank gold and FX reserves to rise by $23 bln in 2017

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MOSCOW, March 24 (Reuters) - Russia's gold and foreign exchange reserves will increase by $23 billion this year, Central Bank Governor Elvira Nabiullina told a briefing on Friday.

She said that capital outflows from Russia were expected to remain low.

Nabiullina also said that the central bank expected rising shale oil production in the United States to put downward pressure on oil prices. (Reporting by Alexander Winning and Andrey Ostroukh; Writing by Katya Golubkova; Editing by Andrew Osborn)

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