Putin again affirms that no restrictions will be placed on capital movement
ST. PETERSBURG. June 21 (Interfax) - Russian President Vladimir Putin has again affirmed that Russia will not return to restrictions on capital movement despite a significant level of capital outflow in recent quarters.
"We have a good understanding how important certainty is for investors in this issue," Putin said at the St. Petersburg International Economic Forum.
He added that "even in the most difficult period of the crisis, the government did not turn to restrictions on taking out capital."
"Administrative restrictions in the economy are not in effect," he said.
Capital outflow from Russia in 2011 came to $80.5 billion. This figure for the first five months of 2012 already topped the result for the first half of last year, reaching $46.5 billion.
