INSUBCONTINENT EXCLUSIVE:
Russia said it would loosen capital controls late Monday as the surging ruble threatened to reduce export revenues.The Finance Ministry said
in a statement that it would cut the share of foreign currency earnings exporters were required to convert to rubles from 80% to 50%.But the
expertstold independent media outlet The Bell.Moreover, they said exporters will still end up selling more than 50% of their foreign
currency earnings after Western sanctions led to a collapse in the ruble's value following the invasion of Ukraine.This move, and a raft
