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Russia Bans Ruble Exports to Combat Shadow Economy

12/8/2025

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Story summary
  • Russia will restrict the export of cash rubles and gold to curb the shadow economy, as part of President Vladimir Putin’s broader economic cleanup.
  • Alexander Novak, Russia's Deputy Prime Minister, said exports of cash rubles of unknown origin, especially to Eurasian Economic Union member states, will be banned.
  • The Finance Ministry proposed that individuals may export up to 100 grams of gold.