All news

Report: Russian central banker sees no return to capital controls

Eliminating restrictions on the flow of money was a “political decision” that Russia’s central bank won’t seek to reverse
Sergei Shvetsov, First Deputy Chairman of the Central Bank of Russia ITAR-TASS/Sergei Fadeichev
Sergei Shvetsov, First Deputy Chairman of the Central Bank of Russia
© ITAR-TASS/Sergei Fadeichev

MOSCOW, September 18. /ITAR-TASS/. Russia’s central bank is looking to buttress its financial system against sanctions over the Ukrainian conflict without returning to the capital controls it abandoned eight years ago, First Deputy Chairman Sergei Shvetsov told Bloomberg Thursday.