THE SESSION DEDICATED TO FOREIGN EXCHANGE REGULATION WAS HELD AT THE MOSCOW FINANCIAL FORUM

In order to increase the volume of non-oil exports to the level of 250 billion US dollars by 2024, it is necessary to ensure the freedom of exporters’ activities. The way to do this was discussed at the session "Foreign exchange regulation: facing the exporter." The speakers raised the question of the need for the repatriation of the ruble, the simplification of business, international trade and related settlements between residents and non-residents.

The speakers of the session actively discussed other aspects related to the transfer of money, their preservation and saving. Deputy Finance Minister Alexey Moiseev expressed confidence that business does not want to promote the Russian ruble due to the difficulties with the tax service.

At a business session, the head of the Russian Center for competence and analysis of OECD standards of the RANEPA Antonina Levashenko came to the conclusion that today the foreign exchange control is used exclusively for the tax issue. From the point of view of the International standard, it is necessary to abolish repatriation in general and restrictions on all foreign accounts.

The head of the Office of Legal and Methodological Support for Financial Monitoring and Foreign exchange Control of the Bank of Russia Elena Shakina informed that the cancellation of the repatriation of the Russian ruble has already begun to apply to individuals. The transition to it has gradually begun and is proceeding in a positive manner.

Share