Volume of capital outflow dropping

The outflow of capital from Russia amounted to $3bn in the first 10 months of 2002, Russian Deputy Finance Minister Andrey Petrov declared at an international conference devoted to business services and investments in Russia.

According to Petrov, the outflow of capital has been decreasing over the past years. In particular, in 2000 the outflow was $24bn, in 2001 it amounted to $16bn. The deputy minister said these dynamics were attributed to an increase in the investment attractiveness of Russia, including the policy of a balanced budget, which contributed to investors' confidence.

The forecasted volume of the capital outflow for 2002 was $9-11bn.