The Central Bank clarified the sale of currency from export earnings | News -

The Central Bank clarified the sale of currency from export earnings

The Bank of Russia has published a clarification to the decree of February 28 on the mandatory sale of 80% of foreign currency earnings.

When calculating the amount of currency subject to mandatory sale, residents have the right to reduce it by the amount of expenses linked to t execution of foreign trade contracts.

The list includes the following expenses:
- payment of transportation, insurance and freight forwarding;
- payment of customs duties and fees;
- payment for fuels and lubricants, food, maintenance costs of vehicles en route and at stops, as well as for repair outside the Russia;
- for communication, including international roaming services.
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