Businessmen suffer losses due to high commissions when converting currency when they request it for the mandatory sale of profits in foreign currency. Additional fees reach 6% and for currency control they can charge up to 120 thousand rubles per payment.
Before the introduction of mandatory sales of profits in foreign currency, companies left money in foreign currency in their accounts and spent it on needs abroad, writes Izvestia.
Banks are imposing high fees as the costs of transferring currencies from “hostile” countries rise, said Alexey Tarapovsky, founder of Anderida Financial Group. Each operation of this type represents an increased risk of sanctions that can be applied to all participants in the process, he noted.
The requirement for the mandatory sale of profits in foreign currency is valid until April 30, 2024.
Author:
Karina Pardaeva
Source: RB
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