“Establish a temporary procedure for the fulfillment by the Russian Federation, constituent entities of the Russian Federation, municipalities, residents (hereinafter also referred to as debtors) of obligations on loans and borrowings, financial instruments to foreign creditors that are foreign persons associated with foreign states that commit in relation to the Russian Federation, Russian legal entities and individuals unfriendly actions,” the decree says.
The decree applies to the fulfillment of obligations in excess of 10 million rubles per calendar month, or in an amount exceeding the equivalent of this amount in foreign currency at the official exchange rate of the Central Bank.
The Russian government was instructed to determine, within two days, a list of countries committing "unfriendly actions" against Russia, its individuals and legal entities.
According to the head of the Central Bank, Elvira Nabiullina, the Central Bank is doing everything to ensure that the country's financial system can cope with shocks.
The Kremlin reported that the Russian economy is experiencing serious blows due to the sanctions of Western countries, but there is a margin of safety, it "will stand on its feet."