China slowdown fears rattle markets; rouble weakens amid talk of capital controls business live


Source: theguardian.com theguardian.com

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7m ago 05.21 EDT Russia won't tighten capital controls for now – reports Russia won’t tighten capital controls for the time being after officials reached an informal agreement with exporters to surrender more of their foreign revenues, Bloomberg News reported, citing the business daily Vedomosti. President Vladimir Putin discussed possible measures at a meeting that included Bank of Russia Governor Elvira Nabiullina and Finance Minister Anton Siluanov, the newspaper said. Authorities opted to monitor exporters for now, instead of mandating stiffer restrictions on sales of foreign-currency proceeds. Russia won’t tighten capital controls for the time being after officials reached an...