The finance minister said Russia's budgetary and economic policy enjoys confidence of foreign investors, with part of them returning to the country

MOSCOW, November 3. /TASS/. The outflow of capital from Russia in 2015 will be about $70 billion, Finance Minister Anton Siluanov said at a meeting of the State Duma, lower house of parliament. "We see that the confidence of investors in our fiscal policy is growing and the outflow of capital is reducing. In the beginning of the year, we estimate that it was about $130 billion. The third quarter was a net capital inflow of $5.3 billion," Siluanov said. Earlier on Tuesday, the head of the Central Bank Elvira Nabiullina said that the bank had lowered its outlook for capital outflow in 2015 to over $ 70 billion instead of the previously projected $85 billion. She said that the forecast was adjusted partially due to positive data of the third quarter of this year.

Foreign investors return to Russia The minister said Russia's budgetary and economic policy enjoys confidence of foreign investors, with part of them returning to the country. "The budgetary, economic, financial policy we’re pursuing, enjoy confidence of investors. Many of them, including foreign investors, are returning to the [Russian] markets," he said. On the other hand, capital outflow is decreasing, Siluanov said, adding that it is expected to reach $70 bln by the end of the year. "We evidence this [investors’ coming back] from issuance of Russian public securities. Despite the fact that we place securities in rubles, we see that foreigners successfully invest in those instruments," the Minister said. "Bottom" in GDP decline expected in Q4 of 2015 The ministry expects to reach the "bottom" of the decline in the growth of Russian economy in the Q4 of 2015.