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CBR Eases Some Restrictions on International FX Transactions for Russian Firms

RUSSIA
BulletEM BulletEmerging Markets
  • RUSSIAN CENBANK EASES SOME RESTRICTIONS ON INTERNATIONAL FX TRANSACTIONS FOR RUSSIAN COMPANIES
  • 'The Bank of Russia has decided to cancel the 30% limit on advance payments for a number of contracts with non-residents for the provision of services, performance of work, transfer of information and results of intellectual activity.
  • The introduced concessions will improve the conditions for foreign economic activity for Russian enterprises, including small and medium-sized businesses.'
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  • RUSSIAN CENBANK EASES SOME RESTRICTIONS ON INTERNATIONAL FX TRANSACTIONS FOR RUSSIAN COMPANIES
  • 'The Bank of Russia has decided to cancel the 30% limit on advance payments for a number of contracts with non-residents for the provision of services, performance of work, transfer of information and results of intellectual activity.
  • The introduced concessions will improve the conditions for foreign economic activity for Russian enterprises, including small and medium-sized businesses.'