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FX Daily Updates
Russia extends mandatory sale of forex revenue by exporting companies
georgemiller
Publish Date: Thu, 22 May 2025, 17:31 PM
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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https://www.reuters.com/business/finance/russia-extends-mandatory-sale-forex-revenue-by-exporting-companies-2025-05-22/