Importance Globalization processes ignite liberalization of capital flows in some countries. The pioneering countries basically determine the boundaries of capital flows and set up rules in this area. The Organization for Economic Cooperation and Development promulgated the Code of Liberalization of Capital Movements. In this respect, the Russian Federation made repetitive attempts to liberalize capital by setting up relevant laws. Objectives The research analyzes global practices and contemporary trends in capital flow liberalization in the Russian Federation. Methods The research scrutinizes various interpretations of the concept of liberalization of capital movement as used in the global practices, reports contemporary trends in the Russian Federation and compares the policy of liberalizing global experience. Results The concept of liberalization of capital movement is construed differently abroad. However, it is possible to extract common stances out of international treaties. International clauses allow limiting capital movements in a number of cases. Currently, the Russian legislation and the relevant policy concord with global trends. Conclusions and Relevance Even if the capital gets 100% liberalized, there are still some limitations possible. However, the Russian authorities try to avoid imposing those limitations, though the global practices and national legislation permit doing so.
Keywords: capital movement liberalization, balance of payment, exchange rate, capital flight, disclosure index
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