The Central Bank clarified the sale of currency from export earnings

The Bank of Russia has published a clarification to the decree of February 28 on the mandatory sale of 80% of foreign currency earnings.

When calculating the amount of currency subject to mandatory sale, residents have the right to reduce it by the amount of expenses linked to t execution of foreign trade contracts.

The list includes the following expenses:
- payment of transportation, insurance and freight forwarding;
- payment of customs duties and fees;
- payment for fuels and lubricants, food, maintenance costs of vehicles en route and at stops, as well as for repair outside the Russia;
- for communication, including international roaming services.
Subscribe to our newsletter and stay updated on the latest developments and events
We are always open to new ideas, solutions and questions Please leave your contact information and we will get back to you shortly
Thank you!

We will revert to you shortly

Leave your email address to stay up to date

Your browser is not supported