Russia and Ukraine War, LIVE | Negotiations failed and Moscow deployed all its troops on the border with Ukraine

Vladimir Putin approves this Monday as the country’s ‘blacklist’ that according to his position, take “hostile action” against Russia from the invasion of Ukraine that began 12 days ago.

This list includes all countries of the European Union, United States of America, Japan and South Korea. In addition, they include:

  • Australia, Albania, Andorra, United Kingdom, Iceland, Canada, Liechtenstein, Federated States of Micronesia,
  • Monaco, New Zealand, Norway, San Marino, North Macedonia, Singapore, Taiwan, Ukraine, Montenegro and Switzerland.

According to the Russian news agency Interfax, revenge implies that Russian individuals and companies will be able to pay their debts in rublescurrency that since the beginning of the invasion of Ukraine if you depreciate ms by 60%.

In this step, Russian companies will be able to pay creditors of “enemy countries” in rubles, even if the securities are denominated in another currency. This will apply to payments exceeding 10 million rubles per month.

Therefore, the debtor can ask a Russian bank to create a special account in rubles in the name of a foreign creditor and send you a payment in Russian currency for the amount due, at the exchange rate of the day in question, as indicated by the Central Bank of that country.

instead, pass that is not part from the list possible continue to accept payments in foreign currency through special permission.

This is a Putin’s tough response to economic sanctions imposed by a growing number of countries after their military intervention in Ukraine.

To fight rubles each, the Russian government has imposed other measures, such as a ban on its citizens from transferring foreign currency abroad, charging a 30% commission for converting rubles into dollars, euros or pounds; and the obligation of exporters to convert 80% of their income earned in foreign currency into rubles.

Over the weekend, Moody’s rebaj agency for the second time in less than 7 days debt rating long term in local and foreign currencies, from categories B3 to Ca, just one step above the non-payment corresponding note From debt.

Sophie Wilkinson

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