Putin bans foreign exchange transfers to outdoors Russia from March 1 By Reuters

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© Reuters. FILE PHOTO: Russian Rouble and U.S. Greenback banknotes are seen on this illustration taken, February 24, 2022. REUTERS/Dado Ruvic/Illustration

MOSCOW (Reuters) – Russian President Vladimir Putin ordered a ban on international change loans and transfers by Russian residents to outdoors of Russia from March 1, the Kremlin stated on Monday, in retaliation for financial sanctions imposed on Moscow by the West.

Putin additionally signed right into a regulation an order for exporting firms to promote 80% of their foreign exchange revenues obtained from Jan 1, 2022, in the marketplace.

(Moscow Newsroom; enhancing by John Stonestreet)

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