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Russia extends mandatory sale of forex revenue by exporting companies

Russia extends mandatory sale of forex revenue by exporting companies

Reuters22-05-2025
MOSCOW, May 22 (Reuters) - The Russian government said on Thursday that it had extended until April 30, 2026 a requirement for major exporters to sell a certain proportion of their foreign currency earnings.
Major exporters must repatriate at least 40% of their foreign currency earnings and sell at least 90% of the repatriated earnings on the domestic market from May 25, the government said.
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