No restrictions on capital flow in Russia - Putin
MOSCOW, October 2 (RAPSI) – Russia has no plans to impose restrictions on the flow of currency and capital in the country, President Vladimir Putin said on Thursday.
“I would like to stress that despite difficulties we did not increase the tax burden on business and have no plans to impose restrictions on currency or capital flow,” Putin said during the annual Russia Calling investment forum session.
Bloomberg, citing an unidentified source in Russia's Central Bank, reported on September 30 about the possible introduction of temporary capital controls if the flow of money out of the country intensified.
The report caused a panic on the currency exchange, followed by increased purchasing of USD. The ruble weakened to a record low, and the Central Bank stepped in to support the currency.
Russia's Central Bank said that a probe would be launched into attempted market manipulation over allegations.