All the latest changes in foreign trade activities: what needs to be done now and urgently - the exchange rate is 1950 rubles. from Clerk, training 2 hours, Date November 29, 2023.

In recent days, huge changes have been taking place in the field of foreign trade. And accountants need to be very careful, since they are often the ones responsible for currency transactions and document flow in the field of currency control. Many import contracts will now not be fulfilled due to sanctions. Now it’s worth thinking about how to avoid fines from currency control authorities.

In the meantime, briefly about what has changed with the adoption of Presidential Decrees No. 79 of 02/28/2022 and No. 81 of 03/01/2021:

● mandatory sale of foreign currency was introduced in the amount of 80 percent of revenue received. Refers to revenue received from 01/01/2022.

PROHIBITED:

● provision of loans to non-residents by residents in foreign currency

● loans and credits in rubles to persons associated with unfriendly countries

● residents are prohibited from crediting foreign currency to their accounts opened in those located outside the Russian Federation

● export of cash foreign currency in the amount of more than $10,000 US

● transactions with persons associated with unfriendly countries related to ownership of securities and real estate

● transactions with foreign persons not associated with unfriendly countries, but related to the transfer of rights ownership of securities and real estate, if such assets were acquired by them from such persons after 02/22/2022

We are waiting for a list of unfriendly countries and instructions from the Central Bank on the mandatory sale of currency.