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Liberalization of currency control regulations affecting foreign trade participants

Author

Listed:
  • Olga Vladimirovna Leonova

    (Russian Foreign Trade Academy, Moscow, Russia)

Abstract

Russia is consistently liberalizing its foreign economic activity. This is evidenced by the new initiative to amend the Federal law «on currency regulation and control». It is planned to implement a number of important steps, in particular, legal entities and individuals will be able to carry out currency transactions without restrictions with funds credited to such accounts in accordance with the requirements of the currency legislation, except for prohibited currency transactions, and are required to submit to the tax authorities a report on the movement of funds.

Suggested Citation

  • Olga Vladimirovna Leonova, 2019. "Liberalization of currency control regulations affecting foreign trade participants," Russian Foreign Economic Journal, Russian Foreign Trade Academy Ministry of economic development of the Russian Federation, issue 12, pages 65-69, December.
    • Handle: RePEc:alq:rufejo:rfej_2019_12_65-69
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