Kostin’s idea to limit ruble transfers abroad should be discussed – Kommersant
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Proposal by the head of VTB Andrey Kostin to introduce a limit on the transfer of funds in rubles at the level of 100 million rubles. requires discussion, said Deputy Chairman of the Central Bank (CB) Alexey Guznov. According to him, it is necessary to analyze how such a mechanism will operate.
“And since we are talking about a certain assessment of the movement of capital, that is, rubles are transferred abroad, then returned to Russia, go to the stock exchange, and accordingly the currency is bought back and goes abroad. This requires assessment, analysis of how much this mechanism is really involved, and so on,” Mr. Guznov said on the sidelines of the EEF (quoted by TASS).
In March 2022, the Central Bank limited the transfer of funds abroad by resident individuals and citizens of friendly countries to $5 thousand per month, from July 2022 the limit is $1 million. Deputy Head of the Ministry of Finance Alexey Moiseev called These restrictions are a key barrier to investment from abroad. Mr. Kostin believesthat it is necessary to close the remaining loopholes for withdrawing money abroad.
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