Russia Considers Extending Wartime Capital Controls
- Government sees restrictions bolstering ruble, officials said
- Central bank has criticized extension of currency controls
The government believes the measure is needed to help stem inflation and bolster the currency.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Russia is considering an indefinite extension of wartime capital controls introduced to ease pressure on the ruble, despite objections from the central bank, people familiar with the discussions said.
The government believes the measure is needed to help stem inflation and bolster the currency, according to officials and top business executives, who asked not to be identified as the information isn’t public.