Putin allowed to issue permits for transactions with sanctioned persons

The Cabinet of Ministers will issue temporary permits for transactions with sanctioned persons, Putin introduced a ban on transactions with them in early May.At the same time, the president forbade fulfilling obligations under transactions to sanctioned persons

The Russian government has received the right to issue temporary permits for certain transactions, operations and actions with persons included in the Russian sanctions lists. The corresponding decree was signed by President Vladimir Putin . it is published on the portal of legal documents.

The decree came into force, it applies to legal relations that arose from May 3 this year.

On this day, May 3, the President banned transactions (including the conclusion of foreign trade contracts) with persons under sanctions). The restriction applied to federal authorities, state authorities of the regions of RUSSIA, other government agencies, local governments, as well as individuals and organizations that are under Russian jurisdiction.

By the same decree, Putin forbade them to fulfill their obligations to sanctioned persons under completed transactions (if they were not fulfilled in full), as well as to conduct financial transactions if sanctioned persons benefit from them.

HeadHunter reported on the negative impact of sanctions on the work of 68% of Russians Economics

The United States , Great Britain, EU countries, Japan, Australia and other countries of the world have strengthened sanctions against Russia at the end of February, after the start of the military operation in Ukraine, the Russian authorities are introducing retaliatory restrictive measures. In particular, US President Joe Biden, Secretary of State Anthony Blinken, CIA HEAD William Burns and other former and current US officials were added to the stop list by the Foreign Ministry.

In October, the profit of Russian business decreased by 1.8 times in annual terms, Rosstat disclosed. The sectors of wholesale trade and hotels with catering suffered losses. The monthly financial result of the corporate sector in Russia began to decline steadily since June, when it fell by 31% yoy.
 

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