Russia extends mandatory sale of forex revenue by exporting companies

MOSCOW (Reuters) -The Russian government said on Thursday that it had extended until April 30, 2026 a requirement for major exporters to sell a certain proportion of their foreign currency earnings.

Major exporters must repatriate at least 40% of their foreign currency earnings and sell at least 90% of the repatriated earnings on the domestic market from May 25, the government said.

(Reporting by Daria Korsunskaya; writing by Anton Kolodyazhnyy)