A senior Russian official on Tuesday called for the immediate imposition of exchange controls to ensure the foreign currency spent supporting the rouble was not taken out of the country.
The remarks from Vladimir Yakunin, the head of state-run Russian Railways and a close associate of Vladimir Putin, the prime minister, were seen as a thinly veiled attack on Alexei Kudrin, the liberal finance minister and the man behind recent efforts to defend the rouble by drawing $200bn (€159bn, £141bn) from the country’s currency reserves.
Mr Yakunin said “temporary” restrictions should have been introduced when the central bank started defending the currency last year. Having failed to act then, the authorities should act now, he said in an interview with the Financial Times. “It’s never too late, and better late than never.”
No comments:
Post a Comment