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Foreign Exchange Regulation Amendments

Antonina Levashenko – Senior Research fellow, Head of Russia-OECD Center, Russian Presidential Academy of National Economy and Public Administration. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Alexandra Koval – Younger Research fellow, Director of «Russia-OECD club», Russian Foreign Trade Academy under the Ministry for Economic Development of the Russian Federation. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Exchange Regulation and Control, which on the one hand intend to remove restrictions preventing residents for foreign exchange purposes who stay abroad for lengthy periods from using foreign accounts and on the other hand to increase foreign exchange control requirements. Russia took extra measures late in the year to establish an automatic exchange of information in tax matters with the rest of the world.

Key words: currency regulation, currency control, legislative changes on currency regulation, currency residents.