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by sesm 1446 days ago
> Russian companies have been forced to buy Rubles for most of the foreign currency they get.

This restriction has been removed couple of weeks ago. At first it was 80%, then 40%, now it’s gone.

1 comments

Ok, I don't follow the details so closely, I assume you are correct.

Which Russian companies still have significant income in foreign currency? I thought trade has mostly stopped. Except for energy, but that is dealt with in a different way anyway as discussed above, because still excluded from sanctions from the West and the Ruble requirement from Russia.

Then there is of course China and India which seem to intensify trade. No idea what currency they pay in and whether the increase has already been significant during 4 months.