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Putin Bans Certain Exports & Financial Deals With Sanctioned Entities

RUSSIA
  • Russian President Vladimir Putin has signed a decree on retaliatory economic sanctions in response to the "unfriendly actions of certain foreign states and international organisations", the Kremlin said on Tuesday.
  • According to the decree, Russia will forbid the export of products and raw materials to people and entities that it has sanctioned.
  • The decree also prohibits transactions with foreign individuals and companies hit by Russia's retaliatory sanctions and permits Russian counterparties not to fulfill obligations towards them.- RTRS
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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