The Russian government has released a list of all countries it considers hostile: all countries European Union, United States, Japan and Canadaas well as foreign territories that, according to Moscow, are committing hostile acts against the Russian Federation, Russian companies and citizens.
According to the Russian Interfax news agency, Prime Minister Mikhail Mishustin signed the listing order, which is part of the decree of the President of the Russian Federation of March 5, 2022 “on the temporary procedure for fulfilling obligations with certain foreign creditors.”
In addition to the previously mentioned countries, the list also includes Australia, Albania, Andorra, United Kingdom, Iceland, Liechtenstein, Micronesia, Monaco, New Zealand, Norway, Republic of Korea, San Marino, North Macedonia, Singapore, Taiwan, Montenegro, Switzerland and Ukraine itself.
What about the countries that Russia declared “hostile”?
According to the Kremlin, Individuals and companies will be able to repay their debts in rubles – a currency that has lost 45% of its value since January – to countries declared hostile.
The debtor may ask a Russian bank to set up a special account in rubles in the name of the foreign creditor and send him a payment in Russian currency for the amount due, at the exchange rate of the day in question, as indicated by the Central Bank. . This measure will be applied to payments in excess of 10 million rubles per month.
This is one of the first Russian responses to the unprecedented sanctions imposed on Russia By many foreign countries after their military intervention in Ukraine.