SAWT BEIRUT INTERNATIONAL

| 27 February 2024, Tuesday |

Russia issues list of countries, considering their ‘unfriendly actions’

In referrence to the economic sanctions introduced amid the Russia-Ukraine war, the Russian government issued on Monday a list of countries “taking unfriendly actions against Russia, Russian companies, and citizens.”

According to a decree published on the government’s website, the list includes Albania, Andorra, Australia, Great Britain, including Jersey, Anguilla, British Virgin Islands, Gibraltar, EU member states, Iceland, Canada, Liechtenstein, Micronesia, Monaco, New Zealand, Norway, South Korea, San Marino, North Macedonia, Singapore, US, Taiwan, Ukraine, Montenegro, Switzerland, and Japan.

The government allowed Russian citizens and companies, the state itself, its regions and municipalities that have obligations in foreign currency to foreign creditors from the list of unfriendly countries to pay back their debts in rubles.

For that, a debtor may ask a Russian bank to create a special ruble account “C” in the name of a foreign creditor and transfer payments to it in ruble equivalent at the exchange rate of the central bank on the day of payment.

The new order is temporary and is valid to payments exceeding 10 million rubles (around $72,202).

    Source:
  • Anadolu Agency