Ukraine May Use Capital Controls to Cut Volatility, Tigipko Says

Ukraine is considering capital controls to prevent short-term investments from fueling volatility in the country’s currency, the hryvnia, Deputy Premier Serhiy Tigipko said in an interview.

“I’m certain that it’s necessary to carefully monitor the so-called hot capital which will be entering Ukraine,” Tigipko, 50, said in Washington, where he is taking part in the annual meeting of the International Monetary Fund. “If we see large volumes of short-term money, then it will be necessary simply to restrict such volumes. It’s not so difficult to do.”