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.



(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.)

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