MOSCOW, March 24. /ITAR-TASS/. Russian ruble begins official circulation in Crimea as of Monday. Its introduction embraces all the financial transactions and all types of payments if at least one of the parties to them is a resident of Russia.
Under the Law of the Russian Federation on Reunification of Crimea with Russia, the Russian ruble becomes the monetary unit in the Republic of Crime and the city of Sevastopol.
Parallel circulation of the hryvnia there is permitted through January 1, 2016. Bank and cash payments are admitted.
As of March 24, 2014, taxes and fees in Crimea and Sevastopol will be paid in rubles only, and wages to the workers of budget-receiving organizations will also be made in rubles.
The same regulation applies to any other payments where one of the parties is a resident of Russia.