“Residents have the right to transfer foreign currency revenues gained under foreign trade agreements (contracts) to their accounts, opened in offshore banks,” the Ministry of Finance said in a statement posted on its website.
However, the decision on 50% foreign currency revenue conversion is still in force, the statement says.
Reminder: obligatory 80% conversion of foreign currency revenues was established by decree of the President. The Decree of the President of May 24, 2022, lowered the amount of foreign revenues to be converted into rubles from 80% to 50%.
