Russia releases list of unfriendly countries and territories: Check Full List here



Russia Ukraine conflict: The Government of Russia has approved a list of the ‘unfriendly’ countries and territories with Russia that imposed sanctions against the country after the start of a military operation of the Russian Armed Forces in Ukraine. The list of ‘unfriendly’ countries released by Russia includes the United States, Canada, the United Kingdom, EU states, among others.

Along with the list of ‘unfriendly’ countries and territories, Russia also declared that all the corporate deals with the companies and the individuals from these countries will have to be approved by a government commission.

Why Russia has released list of unfriendly countries?

The Russian Government has approved a list of the unfriendly countries and territories as the tensions between the West and Russia escalates amid Kremlin’s tightening grip on Ukraine’s invasion. The move of declaring unfriendly nations has come in the wake of severe economic sanctions faced by Russia over the Ukraine conflict.

On March 7, 2022, a steady stream of businesses, including the major accounting and media firms had announced that they would stop doing business with Ukraine. Oil soared above $135 a barrel after the United States announced that it was considering an embargo on Russian supplies.

See also  Indian Women’s Hockey Team named FIH pro league matches against Netherlands

Russia releases list of ‘unfriendly’ countries: Check Full List here

S. No.

Countries

1.

United States

2.

Canada

3.

European Union States

4.

United Kingdom (including Jersey, the British Virgin Islands, Anguilla, Gibraltar)

5.

Ukraine

6.

Montenegro

7.

Switzerland

8.

Albania

9.

Andorra

10.

Iceland

11.

Liechtenstein

12.

Monaco

13.

Norway

14.

San Marino

15.

North Macedonia

16.

Japan

17.

South Korea

18.

Australia

19.

Micronesia

20.

New Zealand

21.

Singapore

22.

Taiwan

Russia to pay foreign currency debt in Ruble

The List of ‘unfriendly’ countries by Russia has come following a presidential decree on March 5, 2022, which allowed the Government of Russia, companies, and the citizens to temporarily pay their foreign currency debts owed to the overseas creditors from ‘unfriendly countries’ in Rubles.

Russian Government, to make such payments, said that the debtors must open a special type of Ruble account with Russian bank and transfer into it the Ruble equivalent of the foreign currency amount owed as per the Central Bank’s official exchange rate on the day of the payment.

The new temporary procedure applies to payments exceeding 10 million rubles per month (or a similar amount in foreign currency).

See also  AICTE Invites Applications for 5000 Internship Positions, Graduates Can Apply

Background

As the Russia Ukraine conflict entered the 12th day on March 7, 2022, the Russian forces had announced a ceasefire in certain regions of the country starting from 10:00 AM on March 7 for the humanitarian evacuation of Ukrainian citizens who were stuck in the cities. However, it was not made clear how long the ceasefire will be or whether it will cover other regions of Ukraine as well.

Also Read: Ukraine Crisis: Russia announces ceasefire in Ukraine and humanitarian corridors for evacuation





Source link

We will be happy to hear your thoughts

Leave a reply

financetin
Logo
%d bloggers like this:
Shopping cart