Moscow Exchange won't charge 12% commission on FX buying by importers By Reuters

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Moscow Exchange won't charge 12% commission on FX buying by importers

Economy Mar 04, 2022 05:50AM ET

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Moscow Exchange won't charge 12% commission on FX buying by importers

MOSCOW (Reuters) - Russia's largest bourse, Moscow Exchange, said on Friday Russian companies with direct access to trading will need to pay a 12% commission if they want to buy foreign currency, while freeing importing companies from paying the levy.

In a move to try to stabilise wildly fluctuating markets hit by Western sanctions, Russia earlier this week imposed a 30% commission on foreign exchange purchases by individuals via brokers but later lowered it to 12%.

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