Russian Finance Ministry expects decree on repatriation of export revenue to be extended, considers its application to cryptocurrency logical
MOSCOW. March 24 (Interfax) – There is reason to extend the decree on the mandatory repatriation and sale of foreign currency revenue once it expires in May, and this is the Russian Finance Ministry’s overall stance, Deputy Finance Minister Ivan Chebeskov said.
“It has always been our overall stance, I think – this has not changed – that, in general, there is reason to extend this decree, and it has reason to exist. Besides the issue of repatriation, there is always the issue of monitoring and control, conducted by Rosfinmonitoring. That is also an important part of the whole mechanism,” Chebeskov told journalists in the State Duma.
Asked whether the decree ought to be extended to cryptocurrency transactions in view of their increasing role in payments, he said that there was logic in this.
“It is entirely possible… I cannot comment on that right now, but there is definitely logic in it,” Chebeskov said.
