Certain transactions are banned without being greenlit by the Central Bank
© Getty Images / Ilya Moskovets / EyeEm
Russian President Vladimir Putin on Friday signed a decree introducing additional and temporary economic measures regulating financial operations with foreign creditors. The measures aim to ensure the country’s financial stability amid Western sanctions.
The document boosts the powers of the central bank with regard to operations with foreign financial institutions. The Bank of Russia can now determine the highest amount of any transaction for the transfer of funds to foreign companies and individuals.
The president has also banned, until the end of this year, the carrying out of certain transactions without prior approval from the central bank. This covers operations to pay dividends to foreign investors.