Until April 30, 2025, the requirements for the mandatory sale of foreign exchange earnings by exporters are valid.

The requirements for the mandatory sale of foreign exchange earnings by exporters are established by Decree No. 825 of June 20, 2024. In accordance with this Decree, 60% of the received foreign exchange earnings are to be sold.

These rules are favorable for the exporters. They have flexibility in managing foreign exchange earnings. At the same time, the foreign exchange market remains stable.

Recall that earlier, the Decree of the President of Russia dated 11.10.2023 No. 771 had established the obligation of individual Russian exporters to sell earnings received in foreign currency as a result of foreign trade contracts. By Decree of the Government of Russia dated 12.10.2023 No. 1681, the percentage of mandatory currency sales is set at the level of 80%.

The decision to reduce the share of mandatory sale of foreign exchange earnings to 60% was made in the summer of 2024 taking into account the stabilization of the national currency and the achievement of sufficient level of foreign exchange liquidity.

The measure in question is valid until April 30, 2025. At the same time, it is allowed to sell the currency on the over-the-counter market.

“Mosgo & Partners” attentively follows all changes in order to propose solutions that meet the interests and needs of our clients.