Main page > About the company > News and mailing > Jurisdictions news > The State Duma adopted amendments to currency regulation

The State Duma adopted amendments to currency regulation


On June 11th, 2019, the State Duma adopted amendments to the Federal law "On currency regulation and currency control" concerning the requirements for the repatriation of export revenues in the first reading.

This bill provides for some changes in currency regulation from January 1st, 2020. In particular:

• Elimination of requirements for repatriation of export proceeds from non-commodity exports;

• When repatriation of income from commodity exports, no more than 10% of revenue can be repatriated. Every year the percentage will increase;

• The bill provides for the restriction of repatriation in relation to the forest and, conversely, the removal of restrictions on precious metals.

On materials of the following website:

Back to the list news

Quickly and confidentially.
A qualified expert will give you a free consultation by telephone, help to determine the position and make an appointment at any time that suits you.
Call just now by phone: +44 203 608 22 48
E-mail us:


08/06/2019 09:56:00

UBS will give the French authorities information about their customers

On July 26th, 2019, the Swiss Federal Court ruled in the UBS case. ...

Read more

07/24/2019 11:15:00

Swiss banks pay extra for loans?

A number of Swiss banks, notably Zuger Kantonalbank and Graubündne ...

Read more

07/18/2019 16:45:00

Visa-free for Russian citizens on the Maldives

On June 6th, 2019, the Government of the Russian Federation publis ...

Read more