22.2 C
Moscow
Monday, June 27, 2022
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SANCTIONS CONTEXT

CURRENCY EXCHANGE RATES

RUB - Russian Ruble
EUR
60.9451
USD
58.3750

LATEST MARKET STUDY

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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.

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