Russia softens fx currency controls for export focused companies

Russia softens fx currency controls for export focused companies

The Russian central bank said on Thursday it had decided to extend measures to ease forex currency control measures for all Russian export-focused companies.

The mandatory sales of foreign currency earned by these companies remain in place, however the currency they receive after April 19 can now be sold within 60 days instead of the previous three days, the central bank said.

On Tuesday, the regulator decided to ease forex currency control measures for Russian export-focused companies outside the commodities and energy sectors.

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