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Foreign currency contracts may be banned on the territory of Russia

The Federal Antimonopoly Service proposed to adopt a draft law prohibiting the linkage of domestic contracts to the exchange rate, as well as to world trade indices. Experts believe that the measure can lead both to the refusal of counterparties to conclude long-term agreements, and to the desire to receive a 100% prepayment. Such conditions in contracts are usually used by the parties in order to secure against the depreciation of the ruble. Often the initiators are foreign owners of real estate...

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