The State Duma Committee on State Construction and Legislation approved an amendment eliminating fines for exporters who do not comply with the requirements for the sale of foreign currency earnings. This was reported by TASS.
The first deputy chairman of the committee, Daniil Bessarabov, explained that one of the proposals in the first reading concerned the introduction of administrative liability for the failure to sell part of foreign exchange earnings.
“There is a proposal to abandon this norm due to a number of circumstances,” the MP said.
The document was submitted to the Duma in early November 2023. The project was included in the package with the law clarifying the procedure for transferring shares from foreign holding companies to indirect shareholders. The draft was accepted at first reading on 30 November.
At the end of January, it became known that the Council of Ministers of the Russian Federation can serve indefinitely. to lengthen The obligation to sell foreign exchange earnings.
Before that, Russian Vice President Maxim Oreshkin said that the measure on compulsory sale of foreign currency earnings showed effectiveness.
dollar before price increased It rose to 93.5 rubles for the first time since December 7.
What are you thinking?
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.