Russian President signs decree on new retaliatory sanctions against West

Vladimir Putin, Russian President

© APA | Vladimir Putin, Russian President

# 03 May 2022 14:23 (UTC +04:00)

Russia's President Vladimir Putin signed a decree on the introduction of retaliatory economic measures against "unfriendly countries," the Kremlin said in a statement on Tuesday, APA reports citing Reuters.

Putin instructed the government to compile a list of individuals and entities that will be targeted by the retaliatory sanctions within the next 10 days.

The measures will include a ban on making transactions with foreign individuals and legal entities that are subject to sanctions, as well as a ban on exports of raw materials and products from Russia to those targeted by the measures.