The regulator explained the changes by noting that a significant portion of transactions now goes through third-party organizations
The Central Bank of Russia has stopped publishing data on net foreign currency sales by the country's largest exporters starting in November. The last data release occurred in October, when September net sales stood at $2.1 billion. This was reported by The Moscow Times citing Reuters, according to the portal PromPolitInform.
The financial authority explained this decision by stating that a substantial share of exporter transactions is currently carried out through third-party entities. Consequently, figures covering only their own direct operations no longer provide a complete picture of the market.
In the previous financial market risks review released in October, the regulator reported that major exporters’ net currency sales dropped to $2.1 billion in September from $2.4 billion in August. Moving forward, the central bank will disclose only a broader aggregate indicator covering the foreign exchange operations of all non-financial companies.
According to the regulator, net foreign currency sales by Russian non-financial companies decreased by 1.3 percent month-on-month in October to $23.4 billion. The most comprehensive data is provided in charts and Excel formats within the review text, as noted by the central bank.
Previously, Russian authorities announced restrictions on information access within the fuel and energy sector following a presidential decree that took effect on September 28. The restricted items list, approved by government directive 3078-r, includes crude oil, petroleum products, refinery output volumes, and exchange-traded fuel transactions.
Illustrative photo: Vyacheslav Argenberg / CC BY 4.0
