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Date: 4 months ago   Category: Finances

For what have the Ministry of Finance and the Central Bank coordinated mitigation of currency control?


If to follow the legislation, the Russian companies for currency transactions have to use accounts in the Russian banks. However sanctions not always allow them to return export revenue to the country, and it is violation of the law of the Photo: depositphotos.com the Ministry of Finance has coordinated mitigation of currency control with the Central Bank. It will be made for the companies which have fallen under sanctions. The point is that under the law the Russian companies for currency transactions are obliged to use accounts in the Russian banks. But because of sanctions they can not always return export revenue to the country, and it is violation of the law. The chairman of the board of directors of the Safmar Financial Investments company Oleg Vyyugin:oleg Vjugin the chairman of the board of directors of the Safmar Financial Investments company "Into accounts of these companies in foreign currency in foreign banks explains means can come to payment of goods and services. Upon the demand of the Russian currency legislation this money it is necessary to repatriate to Russia. And as can be so that these means will be frozen or are already frozen (most likely, it is about them), it is impossible to repatriate them to Russia. Formally there is a violation of the law, and sanctions against persons which have allowed it have to be applied, respectively. It is clear, that it is necessary to avoid, probably, a situation, and, as a matter of fact, a veyver such — not to transfer to these companies to Russia this money. Will help in the sense that won't pursue for violation of the law currency, money won't come, of course, to Russia, but, in any case, there will be no violation of the Russian laws at the same time". As reported the Ministry of Finance, amendments are drafted at the request of the businessman Alexey Mordashov. At the beginning of a year his Power Machines have fallen under sanctions of the USA. To add BFM.ru to your sources of news?

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