Russian central bank rules out currency restrictions ...News

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Russian central bank rules out currency restrictions
There is no need to reinstate capital controls as the sanctions pressure has eased, the CBR says The Central Bank of Russia (CBR) does not consider it necessary to return to the repatriation of export earnings, the head of the regulator, Elvira Nabiullina, stated on Wednesday. According to her, currency controls should protect against sanctions pressure, but not interfere with the country’s foreign economic activity. “And that's the balance we’re striving for,” Nabiullina said. “As for the need to return to the repatriation of export earnings and other foreign exchange restrictions, in our opinion, this should not

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