The requirement for the sale of foreign exchange earnings of exporters has been reduced to 50%

In the Ministry of Finance of the Russian Federation, a sub-commission of the Government Commission for the Control of Foreign Investment in Russia decided to reduce the level of mandatory sale of export earnings in foreign currency, provided for by Decree No. 79, from 80% to 50%. This is due to the stabilization of the ruble exchange rate and the achievement of a sufficient level of liquidity in foreign currency in the domestic foreign exchange market. This was reported by the Ministry of Finance.