2020 Changes in Foreign Trade Contract

Olga Leonova

Russian Foreign Economic Journal, 2020, issue 11, 58-71

Abstract: Russia has been consistently liberalizing its foreign trade. The novelties in the currency control legislation that came into force on 1 January 2020 affect the foreign trade contract and its elements. Besides, amendments to articles 15.25 Of the Code of Administrative Offences (CAO) and 193 of the Criminal Code (CC) of the Russian Federation that facilitated liberalization of the currency control should significantly improve foreign trade practices

Keywords: foreign trade contract; liberalization of foreign exchange operations; international settlements; transferable letter of credit; repatriation of foreign exchange earnings (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2020_11_58-71

DOI: 10.24411/2072-8042-2020-10112

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