Putin signed a decree to retaliate against the West

New decree issued by the President Vladimir Putin signed today prohibits Russian citizens and entities from performing contractual obligations or entering into transactions with foreign individuals and legal entities sanctioned by Russia in retaliation for Western sanctions.

Moscow also prohibits the export of raw materials and products from Russia to individuals and entities it imposes sanctions on.

The measure was taken to protect Russia’s national interests from “unfriendly acts and contrary to international law by the United States, other countries, and international organizations that have engaged in illegal expropriation of the Russian Federation.” property legislation or restrictions on property rights of the Russian Federation, Russian citizens and Russian legal entities,” the decree stated.

The Russian government was instructed to approve the list of individuals sanctioned by Russia within 10 days, and to define additional criteria for transactions and obligations deemed prohibited by the decree.

Since Russia launched its campaign in Ukraine on February 24, the US and the West have launched a series of sanctions against Russia, such as removing Russia from the international payment system. SWIFTconfiscating the yachts of the oligarchs, freezing Russia’s gold and foreign exchange reserves, abolish most favored nation status with Russia.

The European Commission (EC) this week is expected to propose a sixth package of EU sanctions against Russia because of its special military operation in Syria. Ukraine. New Punishment Pack could include a ban on buying oil from Russia.

Thanh Tam (According to TASS)