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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%...

Key rate cut back to the pre-sanction level

The Bank of Russia held a meeting of the Board of Directors today and decided to reduce the key rate again, from 11% to...

Mandatory sale requirement for half of export earnings now abolished

A decree lifting the requirement for exporters to sell 50% of foreign exchange earnings was signed today. The document says that from now on,...

About 77 percent of Russian companies have already adapted to the sanctions or hope to do so

Most Russian companies have already adapted to work under sanctions or hope to achieve such a result in the near future. This is stated...

Russian Academy of Sciences commented on exchange rate dynamics

The higher exchange rate of the ruble is useful for curbing inflation, but it negatively affects the export revenues of the state budget and...

Stronger ruble makes exports from Russia less competitive abroad

The government is gradually lifting restrictions in the financial sector, since the too high exchange rate of the ruble makes Russian products uncompetitive on...

Russia’s key rate cut to 11 percent

The Bank of Russia reduced the key rate to 11 percent from the previous 14%. According to Elvira Nabiullina, head of the Bank of...

Mandatory sale of exporters’ foreign exchange earnings reduced to 50%

The government commission has reduced the requirement for the mandatory sale of exporters' foreign exchange earnings from 80% to 50%, the Finance Ministry said....

Russia’s key rate cut to 14 percent

The Bank of Russia has decided to cut its benchmark interest rate by 3 percentage points, to 14% per annum, and sees room for...

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