The economist admitted an increase in demand for cash due to the tightening of control by the Federal Tax Service

Russians will use cash and barter more often if the Federal Tax Service (FTS) gets access to data on their transfers. This opinion was expressed by economist Andrey Barkhota in a conversation with Izvestia.

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Changes in legislation will affect those who regularly earn money from rent, part-time jobs, services or small-scale trade, but do not register the status of self-employed or sole proprietor and do not declare income. We can talk about 7-10 million people.

According to Barkhota, after the introduction of new measures, the demand for cash may grow by 2-3 trillion rubles during the year. Citizens will begin to actively use cash payments, barter transactions and redistribute income between relatives in order not to exceed the established limits.

Read more in the exclusive Izvestia article:

How will it fit on the map: 10 million Russians will have to report to the Federal Tax Service for transfers