Monday, January 23, 2017

Russian Deputy Prime Minister Contradicts Finance Minister, Says Nyet, Nyet, Not Limiting Cash (yet)

Following up on Saturday's "Russian Finance Minister Proposes to Return to Idea of Limiting Cash Transactions".

From TASS:

Russian government is not discussing restriction of cash payments
MOSCOW, January 23. /TASS/. Russian government is not discussing the issue of cash payments limiting and will not impose any administrative restrictions, First Deputy Prime Minister Igor Shuvalov.

"The government is not discussing this issue. Banks are currently investing huge funds into modern technologies. We believe administrative limiting of payments is senseless," Shuvalov said.
I'm not sure where the FinMin and the First Deputy Prime Minister line up on the organizational chart but it looks like somebody tipped the coming move.

I'm also not sure who's on top in the TASS/Sputnik hierarchy but they are both Russian government controlled. The first story was from Sputnik which is only directed at non-Russians.