Nord Stream 2 financing model to be ready by year end - OMVBusiness & Economy February 24, 13:44
Churkin left bright mark in history of Russian diplomacy, Lavrov saysRussian Politics & Diplomacy February 24, 12:20
Cargo spacecraft docks ISS in automatic modeScience & Space February 24, 11:58
Belarus to present to European Commission report on NPP stress tests' results - ministryBusiness & Economy February 24, 11:36
Funeral ceremony for UN Ambassador Vitaly ChurkinRussian Politics & Diplomacy February 24, 10:35
Moscow appoints acting permanent representative to UN after Vitaly Churkin’s deathRussian Politics & Diplomacy February 24, 8:25
Pentagon wants more senior-level talks with Russia on security of flights in Syria — mediaWorld February 24, 8:15
IAAF approves application of three Russians to compete as neutral athletesSport February 24, 1:43
US lawmakers present no evidence of Russia’s interference in US election - Russian MPRussian Politics & Diplomacy February 23, 21:42
DAVOS. January 23./TASS/ The rumors about currency control implementation in Russia have no sensible explanation, said First Deputy Prime Minister Igor Shuvalov said on Friday at the Davos Economic Forum.
"One of the rumors was that we plan to put in place currency control, that we plan to bring back currency control, when the exchange rate began to seriously fluctuate," Shuvalov reminded.
'There is no common sense behind that, why would we set up currency control, when the dramatic change in the exchange rate already took place. People scare themselves by telling fairy-tales," Shuvalov said.
"We even decided to move up the deadline for the floating exchange rate introduction, but when it happened...what would be the purpose of reviving this institution," questioned the rumors Shuvalov.
"It is very difficult to recreate control. Many people must think that if we pass a law, we automatically get currency exchange control and it’s not so," he added.
Shuvalov pointed out that Russia’s Central Bank often takes its own decisions in defiance of the opinion of the ministers of finance and economic development.
“The Bank of Russia independently takes decisions and very often takes these decisions in defiance to the stances of the finance minister and the economic development minister,” Shuvalov said.
Shuvalov stressed that “nothing signals that this situation can change.”
Meanwhile, he said that the president and the presidential administration understand the whole responsibility that “we jointly bear” to preserve the achievements on the Bank of Russia and no one casts doubt on its status.
Shuvalov said no additional measures of pressure on the Bank of Russia are planned to “save any state companies,” stressing that “we have no such a possibility.”.