The largest exporters reduced the sale of foreign currency earnings by 25% in January.

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AK&M 25 March 2025 04:57

Sales of foreign exchange earnings by the largest Russian exporters in January 2025 amounted to $9.9 billion, a decrease of 25% compared to the previous month. Average daily net sales decreased by 7% to $582 million. This is reported in the materials of the Bank of Russia.

The regulator explains this indicator as a lower number of working days in January compared to December, as well as a number of other factors, such as the timing of crediting export earnings, tax payments, etc.

Sales of foreign exchange earnings by the largest exporters in December 2024 amounted to $13.2 billion, an increase of 66% compared to the previous month due to an increase in sales of oil and gas companies, which was due to a one-time factor. Average daily net sales also increased by 66% to $628 million.

Last year, the net sales of the largest exporters averaged $11.9 billion per month.