Requirement for mandatory sale of forex earnings expected to be extended for one year - sources

MOSCOW. April 25 (Interfax) - The requirement for the mandatory sale of foreign currency earnings on the part of Russia's largest exporters, as per the presidential decree implemented last October, is expected to be extended immediately for one year until the end of April 2025, sources close to the financial and economic bloc of the government told Interfax.

The corresponding fundamental decision has already been agreed and implemented, one of the sources told Interfax.

It was originally assumed that the requirement, which expires in April, could be extended until the end of the year.