The Central Bank eased foreign exchange control on foreign trade for the tourism industry

The Central Bank of Russia has expanded the list of industries with relaxed foreign trade controls to include tourism, repair and maintenance of buildings and equipment.

The Central Bank eased foreign trade foreign trade controls for the tourism industry

The 30% limit on advance payments for foreign trade contracts has now been canceled for these industries. In addition, you can make a full advance payment under agreements for services provided by non-residents from friendly countries in the field of exhibition activities or for services of non-residents in organizing exhibitions, fairs, congresses on the territory of friendly states.

« The easing of currency control rules will improve the conditions for foreign economic activity for Russian tourism organizations, support the promotion of domestic products to foreign markets, ”, TASS quotes the message of the Central Bank.

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