Kremlin Backs Limits on Cash Purchases, But Not Yet, Peskov Says

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In January, Finance Minister Anton Siluanov suggested setting a maximum level for cash purchases of certain goods.
His comments, though cautious, signaled that the Kremlin backs such restrictions, a highly sensitive issue in a country where cash is widely used for large purchases such as real estate and cars.
Russia is likely to adopt limits on cash transactions in the future, though how fast they will be imposed isn?t yet certain, Kremlin spokesman Dmitry Peskov said Tuesday in the clearest high-level support in recent years for the idea.
As recently as last month, a top government official ruled out the curbs as ?pointless.
?But Peskov said the measures are widely used in other countries.
But just a few days later, First Deputy Prime Minister Igor Shuvalov said in that the government is not discussing any limits on cash transactions, calling them pointless, according to Tass.

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