Russia obliged exporters to track the sales of foreign exchange earnings from their subsidiaries

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Exporters who, in accordance with the decree of Russian President Vladimir Putin, are obliged to sell part of their foreign exchange earnings on the domestic market, are obliged to monitor the implementation of these requirements by their subsidiaries. This is stated in the decision of the Council of Ministers published on the official website of the country. portal legal information.

We are talking about subsidiaries and companies doing business outside Russia. Moreover, this condition also applies to organizations established in accordance with the legislation of other states.

“[Экспортеры] The document states that they must ensure that their subsidiaries implement measures regarding the mandatory sale of foreign currency.

October 11, Kremlin press secretary Dmitry Peskov reportedVladimir Putin signed a decree on foreign exchange earnings. Therefore, the head of state obliged a number of Russian companies that export goods to deposit the foreign currency they received during trade into their bank accounts and sell it on the domestic market.

Later President explainedHe said he made the appropriate decision to stabilize the ruble exchange rate. As he noted, currently the state budget of the Russian Federation needs an exchange rate “slightly lower” than the current US dollar.

Previously in the Kremlin statedHe said that authorities do not plan to publish a decree on foreign exchange earnings in open sources.

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