EXCHANGE CONTROLS: THE SUPRANATIONAL REGULATION AND LAW OF RUSSIA


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Abstract

The purpose of the research is to study the processes of harmonization and synchronization of Russian legislation with the law of the Eurasian economic Union in the field of currency control. Research methods-General scientific, including logical method, method of analysis and synthesis, etc., as well as private-scientific, including formal legal, etc., methods of cognition. As a result, the author came to the conclusion that the draft Agreement on coordinated approaches to the regulation of currency relations and the adoption of liberalization measures does not contradict the current legislation of Russia in the field of currency control. At the same time, it should be clarified in the Federal law «on currency regulation and currency control» the content of the provisions of paragraph 4 of article 3 of the draft Agreement: «Residents of the member States have the right to make payments on currency transactions without the use of Bank accounts in authorized organizations in the case of payments and transfers of funds between individuals in the national currencies of the member States within the customs territory of the Union» (to amend article 14 of the Federal law). This will contribute to a higher level of harmonization of Russian legislation with the legal acts of the EAEU in the field of currency control. The results of the study can serve as a basis for further study of the processes of harmonization and synchronization of Russian legislation to the law of the Eurasian economic Union in the field of currency control. This study will be of interest to persons studying the issues of harmonization and synchronization of Russian legislation with the law of the Eurasian economic Union, including in the field of currency regulation and control.

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About the authors

Nina A. Efimova

Financial University under the Government of the Russian Federation

Email: efimovanina@yandex.ru
Senior Lecturer at the Department of Legal Regulation economic activity

References

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