MOSCOW – The Russian government has issued a list of countries “taking unfriendly actions”, referring to the sanctions imposed on it.
The list includes Albania, Andorra, Australia, Great Britain and includes Jersey, Anguilla, British Virgin Islands, Gibraltar, EU member states, Iceland, Canada, Liechtenstein, Micronesia, Monaco, New Zealand, Norway, South Korea, San Marino, North Macedonia, Singapore, US, Taiwan, Ukraine, Montenegro, Switzerland, and Japan.
The government allowed Russian citizens and companies, the state itself, its regions and municipalities that have obligations in foreign currency to foreign creditors from the list of unfriendly countries to pay back their debts in roubles.
For that, a debtor may ask a Russian bank to create a special rouble account “C” in the name of a foreign creditor and transfer payments to it in roubles equivalent at the exchange rate of the central bank on the day of payment.
The new order is temporary and is valid to payments exceeding 10 million roubles (around $72,202).
Russia’s war on Ukraine has been met with outrage from the international community, with the European Union, UK and the US, among others, imposing economic sanctions against Russia.