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Currency Clause implied and express

In accordance with the general rule, provided by the Russian legislation, all monetary obligations shall be specified in the national currency, what is directly set in Article 140 of the Civil Code of the Russian Federation. At that the parties may specify in the contract that the monetary obligation, which shall be paid in rubles, may be nominated in its equivalent in foreign currency or even standard units. Artcile 317 of the Civil Code of the Russian Federation stipulates such possibility, which is mainly designated for decrease of currency risks.
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Опубликовано:«ЭЖ-Юрист» №39 (990) 2017