The government expanded to 40 the list of countries for participation in currency trading in the Russian Federation

The Russian government has expanded the list of countries whose banks will be able to participate in currency trading in Russia, as reported on the website of the Cabinet of Ministers on February 2. The list has increased to 40 countries. The corresponding order was signed by Russian Prime Minister Mikhail Mishustin.

"The number of friendly and neutral countries, whose credit organizations and brokers will be allowed to trade on the Russian currency market, as well as on the market of derivative financial instruments, has increased to 40", - stated in the message.

Thus, now representatives of Argentina, Cambodia, Laos, Laos, Mexico, Nigeria, Tunisia and Ethiopia will be able to participate in currency trading.

The initial list of friendly and neutral states admitted to the auction was approved by the government in September 2023. It included more than 30 countries. Among them were Azerbaijan, Armenia, Belarus, Kyrgyzstan, Kazakhstan, Tajikistan, Turkmenistan, Uzbekistan, Algeria, Bangladesh, Bahrain, Brazil, Venezuela, Vietnam, Egypt, India, Indonesia, Iran, Qatar, China, UAE, Oman, Pakistan, Saudi Arabia.

As Alexander Potavin, analyst at Finam Financial Group, explained to Izvestia at the time, the legislation allows foreign companies to trade on the Russian currency market, but provides for the possibility of imposing a number of restrictions on such participants. For example, the Russian Central Bank may set additional requirements for them, as well as limit the volume of transactions that foreign participants can make.