A special recording procedure for certain securities will be in effect until the end of 2025
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17.02.2023
EXPORTERS PARTICIPATING IN DELIVERIES UNDER INTERGOVERNMENTAL CONTRACTS ARE EXEMPTED FROM THE MANDATORY SALE OF FOREIGN EXCHANGE EARNINGS
Russian exporters that supply goods from Russian suppliers abroad in pursuance of intergovernmental contracts are allowed to transfer foreign currency received from non-residents (net of expenses incurred) to suppliers' accounts opened with authorised banks without its obligatory sale.
However, transfer of funds in a currency another than specified in the supply agreement, without the obligatory sale of currency, is possible only with the prior consent of the supplier. If for the transfer it is necessary to convert a currency into another, the procedure and conditions for the conversion must also be agreed upon with the supplier.
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