Russian Duma adopts new law on currency controls

The Russian State Duma adopted a draft law "On currency regulation and currency control" on 21 November. Under the law precious metals and stones will no longer be treated as currency assets and Russian citizens will be allowed to open, without limitations, foreign currency accounts in OECD or FATF member countries.

Source: ITAR-TASS

The State Duma today adopted a draft law "On currency regulation and currency control" tabled by the Russian government. One of the most important new rules introd

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