Russian President Vladimir Putin today signed a decree prohibiting more than $10,000 in cash or its equivalent in other currencies from being taken out of the countryamong other measures to guarantee the financial stability of the State.
In addition, the decree establishes a series of restrictions on residents for operations with foreigners linked to “countries that take unfriendly actions against Russian citizens and legal entities.”
In particular, residents must receive government authorization to grant credit or carry out transactions that imply changes in the property rights of securities and real estate with that category of foreigners.
These restrictions do not extend to the operations of the Central Bank of Russia and government bodies, underlines the decree, which instructsl Executive develop within a period of five days the procedure for the granting of authorizations.
According to the Russian government, the country has enough potential to face the severe Western sanctions in response to the beginning of the Russian invasion of Ukraine on February 24. (I)
Source: Eluniverso
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