-10.5 C
Moscow
Tuesday, December 6, 2022
spot_img

SANCTIONS CONTEXT

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
65.9017
USD
62.8650

LATEST MARKET STUDY

spot_img

Mandatory sale of 80 percent of foreign exchange earnings for all Russian exporters

As from today, the Russian Ministry of Finance obliges all exporters to sell 80% of their foreign exchange earnings under any foreign trade agreements, within 3 working days from the moment funds are credited to a foreign currency account. Also, 80% of the amount of export earnings received from January 1, 2022 must be sold. The measure was taken urgently in order to reduce the volatility of the national currency.

Related Articles

Key rate reduced for the sixth time in a row, now to 7.5%

The Bank of Russia, at today's meeting of the Board of Directors, decided to reduce the key rate from 8% to 7.5% “Current consumer price...

Possibility of reducing or eliminating duties on imported materials and equipment to be considered

The Federation Council Committee on Economic Policy proposes to zero or reduce customs duties on imports of foreign raw materials and equipment to Russia....

Russia’s key rate cut to 8 percent

The Bank of Russia lowered the key rate to 8% following the meeting on July 22. This is the fifth consecutive reduction of the...