Putin bans forex transfers to outside Russia from March 1
Tweet
Share
E-mail
FILE PHOTO: Russian Rouble and U.S. Dollar banknotes are seen in this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration
MOSCOW (Reuters) - Russian President Vladimir Putin ordered a ban on foreign exchange loans and transfers by Russian residents to outside of Russia from March 1, the Kremlin said on Monday, in retaliation for economic sanctions imposed on Moscow by the West.
Putin also signed into a law an order for exporting companies to sell 80% of their forex revenues received from Jan 1, 2022, on the market.
(Moscow Newsroom; editing by John Stonestreet)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Ghosts of the 1970s: Why three Fed hawks voted to spike rates
- Saint-Gobain rises on second quarter sales growth acceleration
- Integer Holdings stock surges 21% on KKR takeover report
Create E-mail Alert Related Categories
Forex, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
