Exporters to be forced to sell 80% of their foreign exchange earnings in Russia

From today, foreign economic entities in Russia will have to sell 80% of their foreign exchange earnings, Report informs via foreign media.

The decision to impose such an obligation on them will be made today by the Ministry of Finance.

Against the background of Western sanctions against Russia, the ruble continues to depreciate against the US dollar and the euro. At present, its exchange rate against the US dollar is 109 rubles, and the euro - 112 rubles.