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CBR Eases Some Restrictions on International FX Transactions for Russian Firms

RUSSIA
  • 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.'
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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