Putin signs decree on retaliation against ‘unfriendly countries’

The new decree aims to protect Russia’s national interests and was adopted “in connection with the unfriendly actions of the United States and its allies in violation of international law and aimed at illegal expropriation of the assets of the Union.” State of Russia and Russian legal entities.” The decree was published on the Kremlin website.

Putin asked the government within 10 days to determine a list of people who will be subject to reciprocal sanctions.

The new measures ban government agencies, organizations and individuals from “conducting transactions (including the conclusion of foreign trade contracts) with legal entities, individuals and organizations” on the blacklist. new.

The decree also prohibits the export of products and raw materials if they are sent to sanctioned persons.

Russian entities and individuals are also prohibited from performing their obligations and conducting financial transactions with sanctioned companies and individuals.

The retaliatory sanctions come after the US and EU imposed an unprecedented number of economic sanctions on Russia following Russia’s special military operation in Ukraine.

The assets of the Central Bank of Russia and many other institutions and entrepreneurs have been frozen abroad, the country is cut off from currency markets dominated by the dollar and euro, and a host of foreign businesses in addition to stopping trading with Russia.