Putin signs agreement on measures to ensure financial stability

MOSCOW: The Kremlin said that Russian President Vladimir Putin had signed a decree adopting temporary economic measures to ensure the country's financial stability.

According to the directive, these actions would be implemented in reaction to anti-Russian sanctions imposed by the US, other countries, and international organizations. According to the news reports, Russia will begin banning the outflow of foreign currencies above the equivalent of $10,000 on Wednesday.

Foreigners affiliated with nations that have conducted anti-Russian acts have been subjected to restrictions on securities, real estate, and credit transactions, which have been in effect since Wednesday.

In the midst of Russia's special military campaign in Ukraine, Putin signed a decree proposing "special economic measures" to mitigate the impact of a new wave of Western sanctions.

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