On December 8, Russian Deputy Prime Minister Alexander Novak stated in a media interview that the government is considering stricter controls on cash ruble and gold exports to mitigate capital flight risks. This move is part of Russia's broader financial stability measures amid challenging external conditions.
According to TASS, Novak emphasized during a Kremlin meeting on national projects and strategic development that "cash rubles of unclear origin, as well as those destined for EU member states, will be barred from leaving the country. Additionally, gold bar exports will be completely banned."
He further explained that these restrictions on cash rubles and gold exports will be incorporated into a plan to "clean up" Russia's economy. President Vladimir Putin has instructed the government to expedite this initiative. The Finance Ministry has proposed specific measures, including limiting individual gold exports to no more than 100 grams.
In a related development, TASS reported that Putin signed a decree extending until the end of 2027 the ban on foreign investors from "unfriendly countries" trading shares in key Russian enterprises. This prohibition targets transactions that could alter corporate ownership, registered capital, or project execution.
The restrictions cover shares held by investors from "unfriendly countries" in strategic enterprises, thermal power plants, energy equipment/service providers, as well as Russian banks and mineral resource companies. Such transactions may only proceed with special presidential approval or if included in an exceptions list.
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