Top Russian Officials Divided on How to Stop Slump in the Ruble

Russia is hashing out a strategy for countering outflows of capital, with top officials disagreeing over the option of tighter controls as the ruble again comes under pressure to depreciate.

Speaking at a central bank event in Moscow on Friday, Governor Elvira Nabiullina said she opposed stiffer restrictions because companies are able to bypass measures such as mandatory currency sales. Finance Minister Anton Siluanov, who advocates a tougher approach, acknowledged the differences but pledged that “we’ll still find a joint solution.”