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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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Requirement to sell exports’ earnings in foreign exchange cancelled as confirmed by the government

The subcommittee of the government commission for the control of foreign investment in Russia decided to cancel the requirement for exporters to sell 50% of foreign exchange earnings. This was announced by the Ministry of Finance.

The decision applies to both commodity and non-commodity exports and applies to export contracts in any foreign currency. It comes into force from today.

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