Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
MOSCOW, January 14. /TASS/. Any foreign exchange controls are counter-productive in Russia, Economic Development Minister Alexey Ulyukayev said on Wednesday.
“I believe this is absolutely counter-productive. We had a possibility to keep the foreign exchange control regime but we gave it up in 2006,” the minister told Rossiya-24 TV channel.
“I believe that [foreign exchange control] is a one-way road,” he said.
The attempts to restore this regime will not yield the desirable result. Besides, they will negatively affect investor sentiments, which would be inadmissible amid the current decline in investment activity,” Ulyukayev said.
Russian Prime Minister Dmitry Medvedev said on Wednesday that Russia will not return to the mobilization-type economy.
“Russia is not going to isolate itself from the world and change its course towards creating a mobilization-type economy,” the premier said at the Gaidar economic forum.
“We have covered a huge way from the post-Soviet half-destroyed economy to a large Western-type economy and it would be a tremendous mistake to return to the past again, although we are periodically urged for this, and give up the role of an active player in the global world,” the premier said.
The abandonment of the current course is a step the state will never make, the premier said.