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    Politics

    Putin signs decree on measures to ensure financial stability

    1
    2022-03-02 11:19:32Xinhua Editor : Hao Yunhui ECNS App Download

    Photo taken on Feb 21, 2022 shows a screen displaying Russian President Vladimir Putin speaking during a televised address to the nation in Moscow. (Photo/Xinhua)

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

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

    Among the measures, Russia will ban the outflow of foreign currencies in an amount exceeding the equivalent of $10,000 starting Wednesday.

    Effective since Wednesday, restrictions regarding transactions of securities, real estate and loans will be imposed on foreigners associated with countries that have taken anti-Russian actions.

    On Monday, Putin also inked a decree introducing "special economic measures" to cushion the impact of a new wave of Western sanctions amid Russia's special military operation in Ukraine.

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