Russia on Monday banned all its residents from transferring cash abroad, the Kremlin was once noted as pronouncing by means of information corporation AFP.
The measure is seen as part of an attempt to prop up the Russian economic system after the cost of the ruble plummeted due to sanctions imposed through a number of Western countries over Russia’s invasion of Ukraine.
In a decree signed by using Putin, the exporters would be required to preserve at least 80 per cent of income in rubles, AFP reported.
Kremlin spokesperson Dmitry Peskov stated Russia plans to ride out sanctions imposed by using Western countries, as per a record by Russia’s state-run TASS news agency.
It has been stated that Russia has about $630 billion in reserves – a stockpile of savings – built up from soaring oil and gas prices.
Meanwhile, the Russian military on Monday claimed to have full manage of Ukraine’s airspace. The US, however, has denied the claim.
On the other hand, Putin, in a phone name with his French President Emmanuel Macron, denounced the US and its allies. Putin reportedly informed Macron that the “demilitarisation of Ukraine” and “Western awareness of Russian sovereignty over Crimea” are key to ending the fighting.
The Russian and Ukrainian negotiators have again to Moscow and Kyiv, respectively, to keep consultations earlier than the 2nd round of talks.
