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CBR Hikes Key Rate to 20%, Makes FX Sales Mandatory for Companies

RUSSIA
  • BANK OF RUSSIA SAYS EXTERNAL CONDTIONS DRASTICALLY CHANGED
  • BANK OF RUSSIA GOVERNOR TO SPEAK AT 4PM MOSCOW TIME
  • BANK OF RUSSIA: RATE HIKE NECESSARY TO MAKE DEPOSITS
  • BANK OF RUSSIA; RATE HIKE DESIGNED TO OFFSET INCREASED RISKS OF ROUBLE DEPRECIATION AND INFLATION
  • RUSSIA IMPLEMENTS MANDATORY FOREX SALES FOR COMPANIES, WHO WILL HAVE TO SELL 80% OF FOREX REVENUE. - IFAX CITING FINANCE MINISTRY - RTRS
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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