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Putin signed a decree on counter-sanctions against the West – Russia

  • February 28, 2022
    19:49

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  • The Russian president Vladimir Putin

    Vladimir Putin is a Russian politician. Born on October 7, 1952 in Leningrad, now St. Petersburg. Through signed a decree on the implementation of special economic measures against the United States and its allies, according to the Kremlin press service.

    Among the measures are bans on transfers of Russian residents in foreign currency to their accounts or deposits in foreign banks.

    The measures are being introduced in connection with the hostile and contrary to international law actions of the United States and its allies and international organizations related to the imposition of restrictive measures “against Russia” in order to protect national interests. ”

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    A decree of March 1 prohibits foreign exchange transactions for the provision of residents in favor of non-residents of foreign currency under contracts, loans and deductions of residents in foreign currency on accounts opened with banks and other financial market organizations located outside Russia. Federation, as well as remittances without opening a bank account using electronic means of payment provided by foreign payment service providers.

    In addition, the President ordered residents – participants in foreign economic activity to carry out mandatory sale of foreign currency in the amount of 80% of the amount of currency credited from January 1, 2022 to their accounts in authorized banks on the basis of foreign trade agreements with nonresidents, no later than three working days after the entry into force of the decree.

    The procedure for the sale of foreign currency to exporters will be established by the Central Bank.

    Maya Yordanova

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