Putin eases temporary rule for exporters as rouble recovers

Published by
DPA

Russian President Vladimir Putin is exempting exporters from a regulation that required them to exchange half of their foreign earnings into roubles, as the Russian currency bounces back. A government commission will determine how much of their revenues they must turn over for exchange, according to the presidential decree published on Thursday. The move follows Western sanctions imposed in response to Moscow’s war on neighbouring Ukraine. As the value of the rouble fell, Moscow introduced a set of measures to stabilize the currency, including a temporary ban on citizens transferring money abr…

Read More

Leave a Reply