Home News Putin bans exports of products and raw materials to unfriendly countries

Putin bans exports of products and raw materials to unfriendly countries

49
0

The document does not provide details on the persons or entities that may be affected by the sanctions in question, writes news.ro.

According to the decree, Russia will ban the export of products and raw materials to the persons and entities it has sanctioned.

The decree also bans transactions with individuals and foreign companies affected by Russia’s retaliatory sanctions and allows Russian contractual partners to fail to fulfill their obligations to them.

According to the decree, the Russian government has 10 days to draw up lists of foreign individuals and companies to be sanctioned, as well as to define “additional criteria” for a series of transactions that could be subject to restrictions.

Read:   A group of Russian entrepreneurs is working on an application that will replace Instagram. What name will it have and when will it be released

Vladimir Putin has signed several decrees in the last month, the most important financially being in early March, when Russia introduced a special procedure for transactions for foreigners associated with states that commit unfriendly actions against the Russian Federation and of its citizens. The new measures relate to the operations of granting such loans and loans in rubles to such foreign persons, as well as to transactions involving the “occurrence of the ownership of securities and real estate”.

If you like this article, we look forward to joining the community of readers on our Facebook page, with a Like below:

Read:   Ordinary Germans fully bear the gas price hike. How much their bills will increase in October
Previous articleThe most dangerous road in the world: drivers defy death at over 4,500 meters
Next articleSaudi Arabia’s economy grows 9.6% in the first quarter of 2022, supported by oil sales