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Finance Minister, CBR Governor to Attend Financial Forum

RUSSIA
  • The CBR has cited an argument against segmenting the internal and external forex markets based on the Chinese model in that China has been trying to liberalise control over the movement of capital for years, while Russia has already done so, Interfax report. "Those who propose that we use this probably forget to look that China has been trying to liberalise the movement of capital, financial markets and so on for several decades already... Why should we move backwards, I don't understand," CBR Governor Nabiullina said.
  • Finance Minister Anton Siluanov, Bank of Russia Governor Elvira Nabiullina and Kremlin aide Maxim Oreshkin will attend the Moscow Financial Forum at 1000BST/1200 local time. The forum will touch upon changes in the tax policy and new trends in international tax relations, TASS report.
  • Gold and forex reserve data is on the docket this afternoon. Current account data will cross tomorrow.

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