Investors worldwide continue to be skeptical towards Russia, confounded by whether real reforms will bring structural changes. During the World Economic Forum, theRussian delegation has been trying to reassure investors in order to reverse capital outflows that have reached more than $350 billion since 2007, even though outflows have been slowing more recently.
Sergey Belyakov, Russia's deputy minister of economic development, tells CNBC about the government's efforts to lure investors: "First, creating an enabling environment for investments, and this is a large portion of our government's agenda today(…) The cost of businesses, the time to set up a business. We are not basing ourselves on the number of laws we have adopted but on how comfortable and how enabling the environment is. This is a new policy and the results so far have been encouraging, both for me and the foreign investors."