Russian Finance Ministry unlikely to impose capital controls

Russian Finance Ministry unlikely to impose capital controls

Russia's government is unlikely to impose capital controls, the country's Finance Minister Anton Siluanov said.

“(We) need to reserve a possibility of imposing these restrictions, but it does not mean that we plan to use it,” Reuters cited Siluanov as saying,

Russia's government announced earlier this week its plans to discuss a mechanism to introduce capital controls in the event of a severe crisis, focusing at precise criteria and conditions that would be needed to trigger such controls.

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