Vladimir Putin published the list of ‘hostile’ countries for Russia

The Russian authorities established a list of countries “hostile” to the countryto which individuals and companies will be able to repay their debts in rubles, a currency that has lost 45% of its value since January, the government said on Monday.

This list of countries, prepared after a presidential decree on Friday that refers to an “interim procedure”, includes, among others, European Union (EU) countries, Australia, the United States, Canada, the United States, Switzerland, and Japan.

For this, the debtor may ask a Russian bank to create a special account in rubles in the name of the foreign creditor and send him a payment in Russian currency for the amount due, at the exchange rate of the day in question, as indicated by the Central Bank. .

(Also read: Donald Trump ‘jokes’ and proposes to bomb Russia and blame China).

This measure will apply to payments exceeding 10 million rubles per month. This is one of the first Russian responses to sanctions imposed on it by numerous foreign countries following its military intervention in Ukraine.

The sanctions caused the historical depreciation of the ruble and are accompanied by the freezing of part of the funds of the authorities abroad, which prevents the Central Bank from supporting the Russian currency.

(Keep reading: The European Union agrees to start the accession process of Ukraine).

The Russian currency was exchanged this Monday morning at 137.70 rubles per dollar. Since January 1, it has lost 45% of its value.

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AFP