ANNOUNCEMENT 17 Dec 2014In December 2014, the government of the Russian Federation announced a rule change for commercial cross-border financial flows.
NUMBER OF INTERVENTIONS
1. ( ) ??, ? ''?, ? ''?, ?? ? ''?
3. : ?
11. Zarubezhneft http://www.nestro.ru/media/filer_public/6c/7d/6c7d1b53-585a-4ffb-8dfc-6d283a93e806/ar14_zarubejneft_rus_2014.pdf
12. Russian rouble hits new low as oil prices plunge further http://www.telegraph.co.uk/finance/currency/11820755/Russian-rouble-hits-new-low-as-oil-prices-plunge-further.html
According to directive 8495-13 of 17 December 2014, the five largest state-owned Russian exporters (open joint-stock companies "Gazprom", "Rosneft", "ALROSA", "Zarubezhneft" and "Crystal") must ensure by 1 March 2015 that their companies' net currency assets are not higher than their balance as of 1 October 2014.
According to this document, subsequent maintenance of net foreign assets also must not surpass the mentioned level. Furthermore, the five largest state-owned Russian exporters must submit to the Central Bank of Russia a weekly report about the net currency balance. Any resulting sales of foreign currency and purchases of the Russian ruble may have knock-on effects in the currency markets. This measure may also reduce Russian demand for foreign financial assets.