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Ukraine: Putin signs decree to ban outflow of foreign currency from Russia

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

These measures signed on Tuesday was in response to anti-Russian sanctions by the United States, 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 10,000 U.S. dollars starting Wednesday.

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Effective from Wednesday, 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 measures” to cushion the impact of a new wave of Western sanctions amid Russia’s special military operation in Ukraine.

[Xinhua]

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