According to the newspaper, the authorities decided to extend the decision on the compulsory sale of foreign exchange earnings until the end of 2024. “Vedomosti” citing federal authorities.
The publication’s interlocutors announced that all standards will remain the same. According to the decree, the largest Russian exporters undertake to deposit at least 80 percent of their revenues into their accounts in the Russian Federation and then sell at least 90 percent of this amount on the domestic market.
In Russia, obligations to sell part of the revenues in foreign currency began to be implemented as of October 16, 2023. Initially, the duration of the decree was limited to April 30, 2024. Russian government in January supported extension of the decree. Meanwhile, the Central Bank of Russia Not found Justification for extending the measures.
Russians before warned from purchasing small amounts of money.