Russian President Vladimir Putin signed a decree on special economic measures against the United States and allied countries and international organizations. Document text published Kremlin press office.
It is specified that the decree was adopted due to unfriendly and contrary to international law actions of the West related to the imposition of sanctions against Russian citizens and legal entities.
The preamble states that the measures listed in the document are used to protect Russia’s national interests. They comply with federal laws “On special economic measures and coercive measures”, “On measures of influence (counteraction) on unfriendly actions of the United States of America and other foreign states”, as well as the law “On security”.
According to the decree, participants in foreign economic activity (FEA) must sell 80 percent of foreign currency transfers from abroad that have been received since January 1, 2022. Also, as stated in the document, residents will not be able to provide foreign currency in favor of non-residents under loan agreements. And the procedure for the sale of foreign currency by exporters will be established by the Central Bank.
“Residents will no longer be able to credit foreign currency to their accounts opened with banks and organizations abroad, as well as transfer money without opening a bank account using electronic means of payment provided by foreign payment service providers,” reads another measure.
Earlier, White House spokeswoman Jen Psaki said that the United States intends to impose blocking sanctions against the Russian Direct Investment Fund (RDIF).
On February 26, the US Treasury announced that Washington had imposed sanctions against Russian President Vladimir Putin, Foreign Minister Sergei Lavrov, and several other members of the Russian Security Council.
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