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Russian citizens, who work abroad, will be able to receive salaries in foreign currency

04.04.2018

Amendments have been introduced to Federal Law #173-FZ "On Currency Regulation and Currency Control", which provide for the possibility of payment of wages in foreign currency.

So, according to the federal law, Russian citizens, who work abroad outside the Russian Federation on a contractual basis, and which they have concluded with resident legal entities, will have the opportunity to receive salary and other payments in foreign currency.

In addition, the amendments also establish the possibility of receiving wages in the relevant currency for accounts with Russian banks for diplomats and employees sent abroad by federal agencies.

Thus, a legal conflict has been eliminated: previously, according to the Labor Code, the employer had to provide wages only in rubles, but legal entities had the right to pay for services with foreign currency.

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