Restrictions on remittances from Russia aimed at gray imports

Restrictions imposed by Russia on the amount of remittances from the Russian Federation to Kyrgyzstan, Kazakhstan, China and Vietnam relate to the fight against gray imports. Russian media report.
According to their data, three major money transfer systems - Western Union, Zolotaya Korona, and Contact - introduced restrictions on the amount of transfers. This is due to the requirement of the Central Bank of Russia.
Related news Money transfer systems introduce restrictions on sending money to Kyrgyzstan "Most of the doubtful remittances are made precisely in these areas, mainly at major outlets or close to them. The head of the Central Bank, Elvira Nabiullina, in her January letter to President Vladimir Putin estimated the volume of gray imports at 10 billion rubles a month. As the Central Bank told, the purpose of such operations may be tax evasion, withdrawal of funds abroad, as well as payment for goods for which the customs declaration was not filed," the statement reads.
"The limit will create certain difficulties for illegal entrepreneurs, but it will not help to block the channel: to circumvent the restrictions, it's enough to involve more people in transfers," Alma Obaeva, Chairwoman of the Board of the National Payment Council, said in an interview with journalists.