The obligations on the repatriation and sale of foreign currency earnings of large exporters, introduced in the fall, were a temporary solution and yielded results; the financial and economic bloc of the government is interested in the gradual lifting of restrictions on capital movements. Finance Minister Anton Siluanov stated this at the VTB forum, Interfax reports.
“Now this is a decision for a certain period, this decision is temporary. I hope that the measures that have been taken – we have seen that they have produced results, we will see how the situation develops further – but I am sure that the restrictions that exist today will gradually go away,” the minister said at the session of questions and responses following the plenary session of the forum, commenting on a remark by one of the conference participants about Russia’s loss of its status as a country with the most liberal currency regulation.
“And the financial and economic bloc, I assure you, is fully interested in this,” he emphasized.
Chairman of the Bank of Russia Elvira Nabiullina, who also spoke at the session, confirmed the position of the Central Bank, which is wary of currency restrictions (except for “mirror” ones and those related to AML/CFT) and insists that they should be limited in time.
Source: Rosbalt
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