Vladimir Putin agreed on measures to combat Western sanctions

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Vladimir Putin agreed on measures to combat Western sanctions
Vladimir Putin agreed on measures to combat Western sanctions
28 February, 19:25EconomyPhoto: kremlin.ru
Among them - the withdrawal from exporters of 80% of foreign exchange earnings and a ban on foreign currency loans for non-residents of Russia.

Also, the presidential decree "On the application of special economic measures in connection with the unfriendly actions of the United States and foreign states and international organizations that have joined them" states that residents will no longer be able to credit foreign currency to their accounts abroad, as well as transfer money without opening a bank account using electronic means of payment provided by foreign payment service providers.

Restrictions on the withdrawal of foreign exchange earnings come into force on January 1 this year, that is, it will apply to previously received funds. They must be submitted within three days. The Central Bank will follow this.

By the end of the year, public joint-stock companies were allowed to acquire the shares they placed, if they are admitted to trading, if their average price, starting from February 1, is lower by 20% or more for three months, or the value of the main stock market index for such same period.

Bank depositors were allowed to open accounts without visiting the bank.

The decree has entered into force.

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