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Putin approves retaliatory sanctions over Russia-Ukraine conflict

May 04, 2022

Moscow [Russia], May 4: Russian President Vladimir Putin signed a decree on Tuesday on retaliatory sanctions against individuals and entities in response to their "unfriendly actions" over the Russia-Ukraine conflict.
The measures will be taken in retaliation to "the unfriendly actions of the United States, foreign states and international organizations ... which aimed at illegally depriving Russia, Russian citizens and Russian legal entities of property rights or restricting their property rights," and with the aim of "protecting the national interests of Russia," according to the decree.
The document prohibits fulfilling obligations with foreign individuals and entities under sanctions, concluding deals or carrying out transactions with them. Moreover, Russia will ban the export of raw materials and products from Russia to those it has sanctioned.
The decree does not provide any details of which individuals or entities may be affected by the measures. The Russian government was ordered to compile a list of individuals under sanctions within 10 days.
Source: Xinhua