Moscow Exchange to charge firms 12% on foreign currency purchases

MOSCOW, Mar 4 (PRIME) --  An exchange fee for the purchases of the U.S. dollar, euro and British pound for the Russian companies with direct access to the foreign exchange market will amount to 12% from Friday but will not be charged on importers, the Moscow Exchange said in a statement.

"By virtue of a ruling by the Central Bank of Russia, the Russian companies having direct access to the foreign exchange market of the Moscow Exchange, shall pay 12% of the deal as a fee for foreign currency (U.S. dollar, euro, British pound) purchases from March 4, 2022," the exchange said.

The importers shall pay no commission if they confirm their contract obligations to foreign suppliers.

End %%mk/jst%%