Support The Moscow Times!

Russian Central Bank Denies Rumors of Capital Control Plans After Ruble Plunges to Historic Low

Russian rouble banknotes are seen in this illustration picture taken in Moscow.

Russia's Central Bank said Tuesday it did not plan to implement "any kind" of capital controls, after a news report saying the bank was considering such controls sent the ruble plunging to a new all-time against a dollar-euro basket.

"With regards to a number of media reports, the Bank of Russia informs that it is not considering the introduction of any kind of restrictions on the cross-border movement of capital," the bank said in a statement.

Read more