Putin signs executive order to ensure financial stability as sanctions mount



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

These measures will be taken in response to anti-Russian sanctions by the United States, other countries and international organizations, according to the executive order.



Among the measures, Russia will ban foreign currency outflows of more than the equivalent of $10,000 from Wednesday, the Xinhua news agency reported.

Starting Wednesday, restrictions on transactions in securities, real estate and loans will be imposed on foreigners associated with countries that have taken anti-Russian measures.

On Monday, Putin signed a decree introducing “special economic measures” to cushion the impact of a new wave of Western sanctions under Russia’s special military operation in Ukraine.

–IANS

int/sks/dpb

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and updated with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor

Previous Arkansas Volleyball elevates Rynd to operations manager, Roth takes on high school coach role
Next Kyndryl revenue slides, company lays out growth plans