March 20, 2023

Russian President Vladimir Putin has signed a decree introducing temporary economic measures to ensure the country’s financial stability, Kremlin announced.

It was said that the measures will be taken in response to anti Russian sanctions by the US, other countries, and international organizations according to the decree.

Among the measures, Russia will ban the outflow of foreign currencies in an amount exceeding the equivalent of 10,000US dollars starting Wednesday.

This has been effective since Wednesday and restrictions regarding transactions of securities real estate and loans will be imposed on foreigners associated with countries that have taken anti Russian actions.

On Monday, Putin also inked a decree introducing ‘special economic assures’ to cushion the impact of a new wave of Western Sanctions among Russia’s special military operations in Ukraine.

Marvelous Ogidi

View all posts

Add comment

Your email address will not be published.