Russia may bring back capital controls – Bloomberg ...News

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Russia may bring back capital controls – Bloomberg
source : Russia Today ( News ) () 47
Authorities are discussing the measure in response to the ruble’s fall, the media outlet has reported The Russian authorities are considering partial capital control measures to stem the ruble’s slide, Bloomberg has reported citing four unnamed sources familiar with the discussions. The proposal to mandate sales of export revenues was reportedly debated between the government and exporters on Monday with no breakthrough reached. Another meeting was set to take place later this week.  On Monday, the ruble sank to a 16-month low against major currencies, reaching 101 versus the US dollar, and 111 against the euro. T

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