President Putin signs decree on economic retaliation against hostile states | News

Russian President Vladimir Putin signed a decree on Tuesday that includes a set of measures in response to the sanctions imposed by several Western countries and international organizations.

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The initialed document states that: “As a result of hostile actions contrary to international law by the United States and countries and international organizations that supported them, aimed at illegally depriving the Russian Federation (…) in order to To protect national interests, I have to guarantee the implementation of special economic measures”.

Likewise, the president added that the sanctions of the West constitute an illegal deprivation of the right of property to Russian companies and citizens.

From this, the head of state ordered a period of 10 days for the Kremlin to execute a list of natural and legal persons who will be sanctioned.

The regulations impose a ban on natural persons and entities under Russia’s jurisdiction “conducting transactions, including international contracts, with legal entities, individuals and organizations under sanctions by Moscow.”

Similarly, the decree prevents these subjects from “the export of products and raw materials manufactured in Russia and destined for those affected by punitive measures.”

The set of measures that will come into force from the moment of its publication, comes following the head of the Kremlin ordered the reinforcement of cybersecurity measures.

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