Economic sanctions 2024
In turn, Russia also applies retaliatory sanctions. The Russian government has approved a list of "unfriendly" countries, which includes the USA, Great Britain, EU countries, Switzerland, Australia, New Zealand, Micronesia, Canada, Iceland, Norway, the Bahamas, South Korea, Singapore, Taiwan, Montenegro, Monaco, San Marino, North Macedonia and Ukraine.
Residents are prohibited from conducting operations to provide foreign currency to nonresidents under loan agreements. The exception is a loan in foreign currency with the permission of the Government Commission for Control of Foreign Investments in the Russian Federation.
Banks from unfriendly countries can transfer funds in rubles through correspondent accounts opened in Russian credit institutions if the payer and recipient have accounts opened in foreign banks
Other articles "What is Russia?"