MarketsThe Ministry of Finance allowed the introduction of a...

The Ministry of Finance allowed the introduction of a limit on the export of gold from Russia


- Advertisement -

The Ministry of Finance (MinFin) does not intend to ban the transactions of buying and selling precious metals in the domestic market, although it allows the introduction of a limit on the export of gold from the country “in the future”. TASS reports about it based on the press service of the department.

“In the future, restrictions may affect only the export of precious metals by individuals, if its volume exceeds the permissible limit,” the Ministry of Finance said.

At the same time, the freezing of transactions with precious metals in the domestic market of Russia is currently “not considered”, the ministry said.

“There is no talk of limiting or freezing gold buying and selling operations – neither for individuals nor for legal entities. The Ministry of Finance of Russia, on the contrary, is trying to develop the market of precious metals and to make gold a full-fledged market investment product,” the Ministry’s press service wrote.

- Advertisement -

On March 2, Russian Finance Minister Anton Siluanov advised Russians to invest in gold instead of US dollars. According to him, the world reserve currency is more volatile and cannot compete with precious metals.

- Advertisement -

Source: rambler

- Advertisement -
I’m a news writer for 24 Happenings, an online magazine that caters to people who want to know about things that are happening in the world. I grew up in the Midwest and have always been interested in writing. After trying out a few different styles of writing, I landed on my current genre – investigative journalism. When I’m not working on my next project or following my favorite team, I like to spend time with family or go for walks around my neighborhood.


Please enter your comment!
Please enter your name here

Latest news

A drunk St. Petersburg man was hit by a train and survived

A 26-year-old man was hit by a train in St. Petersburg. This was reported by the press office...

The Pentagon announced the details of the new military aid to Ukraine

The US Department of Defense has clarified that the new military aid package for Ukraine in the amount of...

Murishov, the head of the Federal Customs Service of the Russian Federation, was arrested in Moscow for accepting bribes.

The head of the anti-corruption department of the Federal Customs Service of the Russian Federation, Dmitry Murishov, was arrested...

Before you go to sleep: The collapse of Russian oil prices and the Kremlin’s accusations against the West

Until you fell asleep, Rambler kept track of the news and selected the most important. Read the digest,...

“Chinese G-Class” received the logo

Chinese company BYD, known for being one of the first to abandon the production of non-electrified vehicles, has shared...

Must read

Named the reason for the Indian Prime Minister’s refusal to meet with Putin

An agency source said Modi pulled out of the...

Apollon Smyrnis: The Amateur responds to the PAE with the valid license

The match against Apollon Smyrnis, between PAE and Erasitechni,...

You might also likeRELATED
Recommended to you