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Wednesday, December 7, 2022
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SANCTIONS CONTEXT

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
66.0131
USD
63.0650

LATEST MARKET STUDY

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Absence of components for production can be included in the list of force majeure circumstances

The absence of components is currently not recognized as a force majeure circumstance under domestic Russian contracts. However, in the context of sanctions, it is necessary to change this rule so that businesses in such situations can avoid fines, said Sergey Katyrin, head of the Russian Chamber of Commerce and Industry.

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