The Bank of Russia and the Ministry of Finance are looking for consensus on the issue of currency control
"Previously, the Central Bank was a very strict follower of defending the topic of currency control, we on the contrary — the Ministry of Finance was more liberal. Now it has changed: we are in favor of tougher measures regarding flow control, since the situation is known, the Central Bank, on the contrary, has taken a liberal position here," Anton Siluanov said at the conference "10 years of the mega—regulator: yesterday, today, tomorrow."
"But it's okay, we will still, I'm sure, find joint solutions and get closer," the Finance minister said.
The head of the Bank of Russia, Elvira Nabiullina, said that the Bank of Russia does not want to create difficulties for economic agents.
The fact that the Central Bank, the head of the Ministry of Economy Maxim Reshetnikov and presidential aide Maxim Oreshkin opposed Anton Siluanov's idea of tightening currency control, Bloomberg sources previously reported. According to the agency, the Finance Minister proposed to oblige exporters to sell up to 90% of foreign exchange earnings. The Central Bank and Mr. Oreshkin opposed it, and other participants of the meeting joined them.