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The Ministry of Finance of the Russian Federation is preparing measures to limit the export of gold by individuals

The Ministry of Finance of the Russian Federation is developing a draft government resolution aimed at introducing restrictions on the export of gold from the country by individuals. A statement about this was made by Deputy Minister of Finance Alexey Moiseev in a conversation with agency Interfax.

According to him, the introduction of an export duty on gold stimulated a significant increase in its export by citizens and turned this process into a way to avoid paying the duty.

“People decided to take gold into their pockets. Why pay 7% duty if you can avoid it? They simply stuff it into their pockets and leave,” Moiseev explained.

As part of the upcoming draft resolution, according to the deputy minister, a strict limit will be established on the volume of gold exports for individuals. Specific numbers are not disclosed at the moment. The document is expected to be submitted by the end of the first quarter of 2024.

Earlier, according to Rosselkhoznadzor, in the first nine days of 2024, the volume of supplies of chicken eggs from Belarus to the Russian Federation almost doubled compared to the same period last year and amounted to 11.7 million pieces. More about this read the material Public News Service.

Message The Ministry of Finance of the Russian Federation is preparing measures to limit the export of gold by individuals appeared first on Public news service.

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