Russian President Putin signs sanctions against ‘unfriendly countries’

RT reported, President Russia Vladimir Putin signed a decree imposing special economic retaliatory measures in connection with actions Moscow considers unfriendly by some foreign countries and international organizations.

The decree states that the measures are aimed at protecting the national interests of the Russian Federation and in accordance with the Federal Law “On Special Economic Measures and Compulsory Measures” of Russia.

These measures “relate to actions that are unfriendly and contrary to international law by the United States and other countries and international organizations that have joined them with the aim of unlawfully depriving the Russian Federation of the rights of the Russian Federation.” , citizens of the Russian Federation and Russian legal entities over property and restricting their ownership,” the decree published on the Kremlin website states.

President Putin gave the Russian Cabinet 10 days to determine the list of people who will be subject to these reciprocal sanctions.

The decree prohibits government agencies, organizations and individuals from “conducting transactions (including the conclusion of foreign trade contracts) with legal entities, individuals and organizations” in the new sanctions list. .

The decree also prohibits the export of products and raw materials if they benefit individuals and entities that Russia has sanctioned.

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

The move comes after the US and EU imposed an unprecedented series of economic sanctions on Russia over its military campaign in Ukraine. Gold Reserve and foreign exchange reserves of the Central Bank of Russia and many other organizations and entrepreneurs are frozen abroad. Russian banks are excluded from the international payment system SWIFT. Many countries ban imports Russian oil and gas and a series of foreign enterprises withdrew from the Russian market.