MOSCOW, June 21 (Reuters) - Russia has reduced the volume of foreign currency revenue that exporters must convert into roubles to 60% from 80%, the government said on Friday.
The controls, first introduced by presidential decree in October 2023, required dozens of undisclosed exporting firms to deposit no less than 80% of foreign currency earnings with Russian banks, and then sell at least 90% of those proceeds on the domestic market within two weeks. (Reporting by Reuters; Editing by Alison Williams)
