Election in Moldova shows people support rapprochement with Russia - Socialist factionWorld March 27, 4:06
Former Zenit FC player Kazachenok dies at 64Sport March 27, 1:37
Russian senior MP calls on EU politicians not to hide heads in sand in Syrian settlementRussian Politics & Diplomacy March 26, 18:09
Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
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.