LONDON — Russia said on Monday that all corporate deals with companies and individuals from so-called "unfriendly 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 taking "unfrxjmtzywiendly actions" against Russia, its companies and citizens, in the wake of severe economic sanctions over the Ukraine conflict.
The list follows a presidential decree on March 5 allowing the Russian government, companies and citizens to temporarily pay foreign currency debts owed to overseas creditors from "unfriendly countries" in roubles.
- WATCH: Paul Workman as Lviv braces for attack
- Latest updates on Russia-Ukraine
- Russian families divided over attack, some misled by state media
A government statement showed the list of countries included the United States, European Union member states, Britain, Japan, Canada, Norway, Singapore, South Korea, Switzerland and Ukraine.
To make such payments, the government said debtors should open a special type of rouble account with a Russian bank and transfer into it the rouble equivalent of the foreign currency amount owed according to the central bank’s official exchange rate on the day of payment.
This temporary arrangement for paying foreign debts applies to payments exceeding 10 million roubles (US$76,046) a month.
Get in touch
Are you in Ukraine? Do you have family in Ukraine? Are you or your family affected? Email [email protected].
- Please include your name, location, and contact information if you are willing to speak to a journalist with CTV News.
- Your comments may be used in a CTVNews.ca story.
RELATED IMAGESview larger image
Russian President Vladimir Putin listens to the head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin during their meeting in Moscow, Russia, Wednesday, March 2, 2022. (Mikhail Klimentyev, Sputnik, Kremlin Pool Photo via AP)
