A new Russian law prohibits linking prices of local products to foreign currencies or indices

International

Today, the Russian government passed a law prohibiting setting domestic contract prices based on foreign currencies and global commodity indices.

The RIA Novosti news agency quoted the Russian Finance Ministry as saying that the bill had already been approved.

The draft law prepared by the Russian Federal Antimonopoly Service prohibits setting the price of Russian contracts by foreign currency, exchange index or over-the-counter indices on global commodity markets.

The project included changes in the Civil Code that directly allowed prices in contracts to be linked to foreign currencies and other indicators, although even in this case payment must be made in rubles.

The draft also provided for the processing of all contracts already concluded within 30 days from the date of the official publication of the law.

 

Inas Abdulkareem

You might also like
feature

Polyansky: Israel and Ukraine are waging a war against humanity

International

Granting green light to Israeli settlers to raid Al-Aqsa Mosque in big numbers a…

International

Dozens of settlers storm Al-Aqsa

International

Pushlin Foreign ships in the port of Mariupol return to their countries

.. _copyright: Copyright ========= .. code-block:: none Copyright (C) 1998-2000 Tobias Ratschiller Copyright (C) 2001-2018 Marc Delisle Olivier Müller Robin Johnson Alexander M. Turek Michal Čihař Garvin Hicking Michael Keck Sebastian Mendel [check credits for more details] This program is free software; you can redistribute it and/or modify it under the terms of the GNU General Public License version 2, as published by the Free Software Foundation. This program is distributed in the hope that it will be useful, but WITHOUT ANY WARRANTY; without even the implied warranty of MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE. See the GNU General Public License for more details. You should have received a copy of the GNU General Public License along with this program. If not, see . Third party licenses ++++++++++++++++++++ phpMyAdmin includes several third-party libraries which come under their respective licenses. jQuery's license, which is where we got the files under js/vendor/jquery/ is (MIT|GPL), a copy of each license is available in this repository (GPL is available as LICENSE, MIT as js/vendor/jquery/MIT-LICENSE.txt). The download kit additionally includes several composer libraries. See their licensing information in the vendor/ directory.