“The subcommittee of the Government Commission for the Control of Foreign Investments in Russia has decided to allow exporters to credit foreign currency to their accounts abroad,” the agency’s website said in a statement.
Residents are entitled to credit their foreign bank accounts with foreign exchange earnings received from non-residents under foreign trade agreements.
On May 26, the Central Bank of Russia decided to increase the period for the sale of foreign exchange earnings by exporters to 120 business days.
According to the First Deputy Chairman of the Central Bank Ksenia Yudaeva, the Bank of Russia plans to maintain the current restrictions on the purchase of cash currency until September.