MOSCOW, June 1 (Reuters) – The Russian government has softened requirements for mandatory sales of foreign currency for exporters if more than half of the value of their contracts is paid in roubles, according to changes, opens new tab to a government decree.
President Vladimir Putin signed the decree in October mandating the reintroduction of capital controls, affecting dozens of companies in the fuel, energy, metal, chemical, timber and grain industries in order to prop up the rouble.
Source: REUTER
