All major Russian exporters to sell foreign currency earnings without exception — official

Business & Economy October 27, 2023, 19:21

On October 11 Russian president Vladimir Putin signed a decree requiring certain Russian exporters to sell foreign currency

MOSCOW, October 27. /TASS/. All major Russian exporters without exception are required to sell foreign currency earnings, Governor of the Bank of Russia Elvira Nabiullina said at a press conference following a meeting of the regulator's Board of Directors.

"As for the mandatory sale of earnings, according to my information, all major exporters are included there without exception," she said.

On October 11 Russian president Vladimir Putin signed a decree requiring certain Russian exporters to sell foreign currency. "According to the decree, a list of such exporters is being approved. They will be required, starting from the date set by the Russian government, to credit foreign currency earnings to their accounts in authorized banks and carry out mandatory sales of this foreign currency on the domestic market," presidential spokesman Dmitry Peskov said.

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