The government has approved a list of agricultural products for export for rubles

The government has developed a list of agricultural products for the export of which, from November 1, a special payment procedure is allowed – through special ruble and foreign currency accounts. This was reported by press service government.

The list includes: pork, meat and poultry by-products, milk and cream, barley, corn, wheat and meslin, soybeans, flax seeds, sunflower, soybean and rapeseed oil, sugar, cakes and other solid residues that are obtained from the extraction of fats.

The list was compiled in accordance with the August by decree President Vladimir Putin.

Accounts will be opened by authorized banks at the request of foreign buyers. Suspension of operations, seizure or write-off of funds from special ruble and foreign currency accounts are not allowed unless this is related to settlements under a foreign trade contract.

The foreign buyer will transfer funds to a type “Z” foreign exchange account in foreign currency, and then sell it to a bank, which will credit the funds in rubles to the buyer’s type “3” ruble account.

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Anastasia Larina