Russia could reintroduce compulsory sale of FX revenues ‘at any moment’ -source By Reuters

© Reuters. FILE PHOTO: Woman holds Russian Rouble banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration/File Photo MOSCOW (Reuters) – Russian authorities are discussing bringing back the compulsory sale of foreign currency revenues for exporters, five sources familiar with the matter told Reuters, with one high-level source saying that the change could be

Russia abandons budget rule in effort to save tanking rouble By Reuters

© Reuters. FILE PHOTO: A vendor counts Russian rouble banknotes at a market in Saint Petersburg, Russia July 9, 2023. REUTERS/Anton Vaganov/File Photo By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) – Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10