Putin bans Russians from transferring money abroad

Putin bans Russians from transferring money abroad

Daily Trust 

President Vladimir Putin has ordered a ban on foreign exchange loans and transfers by Russian residents to outside of the country.

According to AFP, the Kremlin said this is in retaliation for economic sanctions imposed on Moscow by the West.

Russian aviation authorities had earlier placed a restriction on the operation of flights by air carriers from 36 countries.

Putin also signed into law an order for exporting companies to sell 80 per cent of their foreign exchange earnings made since 1 January on the market…

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