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MOEX won't Charge 12% Commission on FX Buying by Importers

MOSCOW, March 4 (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%.

Reporting by Moscow Newsroom; editing by Jason Neely

Source: Reuters

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