Russia announced on Monday that all corporate deals with companies and individuals from so-called “hostile countries” would now have to be approved by a government commission, according to a government resolution.
The government said it had approved a list of countries and territories that had taken “unsympathetic actions” against Russia, its companies and citizens, in the wake of severe economic sanctions imposed on Moscow over the Russian invasion of Ukraine.
The list follows a March 5 presidential decree allowing the Russian government, companies and citizens to temporarily pay off foreign currency debts owed to creditors in “hostile countries” in rubles.
A government statement showed the list of countries including the United States, European Union member countries, the United Kingdom, Japan, Canada, Norway, Singapore, South Korea, Switzerland and Ukraine.
To make such payments, the government said that debtors should open a special type of ruble account with a Russian bank and transfer to it the ruble equivalent of the foreign currency amount owed according to the official exchange rate of the central bank in the pay day.
This temporary agreement for payment of foreign debts applies to payments exceeding 10 million rubles (76,046 USD) per month.
Source: CNN Brasil
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