The State Building Committee of the State Duma recommended that deputies approve in the first reading a bill introducing administrative liability for companies’ failure to comply with the requirements for the mandatory sale of a part of their foreign exchange earnings in the internal market of the Russian Federation. This was reported by TASS.
According to the initiative, the fine to be imposed on the authorities will be between 40 and 50 thousand rubles. For organizations, the fine will be equal to three quarters of the unsold part of foreign exchange earnings in violation of the established procedure.
This bill was submitted to the State Duma in November by a group of deputies and senators, along with another initiative to withdraw shares of foreign companies from unfriendly countries. The document is planned to be discussed at the next plenary session of the lower house of parliament on November 30.
October 11, Russian President Vladimir Putin signed Decree on the return of compulsory sales of foreign exchange earnings for the largest Russian exporters. The decision, together with the increase in the key interest rate to 15%, made it possible to strengthen the ruble exchange rate by more than 10% in almost two months.
Previously announced in Russia squeezing Control over the operations of companies abroad.