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Bank of Russia Considering Tweaking FX Scheme

RUSSIA
  • Russian news network RBC writes that the Bank of Russia are considering easing restrictions on exporters for mandatory FX sales. The BoR could extend the deadline (currently three working days) given to companies to sell their FX proceeds and may adjust the minimum sales threshold from 80%.
  • Austria’s Nehammer spoke this morning to APA, giving some more details on his meeting with Putin. Nehammer stated that Putin vowed to continue gas exports, although Nehammer added that gas can be paid for in EUR.
  • Contradictory reports about Russia’s Moskva missile cruiser in the Black Sea continue to circulate, with Ukrainian and Western reports citing a successful Ukrainian missile strike, but RIA Novosti reports a fire onboard that triggered the explosion of ammunition. The Russian report adds that “The crew was completely evacuated. The reasons for the incident are being established.”

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