Putin also signed an
additional document, which changes the norms of the original decree on
counter-sanctions dated August 6, 2014.
MOSCOW, June 24.
/TASS/. President Vladimir Putin has signed a decree extending specific
economic measures against countries that imposed sanctions against Russia until
December 31, 2020.
The document has been
published on the official portal of legal information.
The president has
instructed the government to take steps for the implementation of the decree
and, if necessary, to submit proposals for changing the duration of these
counter sanctions.
Putin also signed an
additional document, which changes the norms of the original decree on
counter-sanctions dated August 6, 2014.
In particular, the
new document allows for the transit shipments of sanctioned goods through
Russia on condition that these goods are "subject to ensuring their
traceability by using a control system based on GLONASS technology". It is
also required that such goods must be sealed, and the drivers involved in the
transit of this cargo must have the appropriate registration coupons.
The decree now also
envisages permission for the import of sanctioned goods by individuals for
personal use.
Similar amendments
have been made to the decree of October 22, 2018 on counter-sanctions against
Ukraine.
Sanctions and counter
measures
In March 2014, the
European Union and a number of countries, including the United States, Canada,
Australia, Japan, Switzerland, New Zealand, Iceland and others, began to impose
sanctions against Russia over the situation in Ukraine. In particular, the
sanctions lists of Russian individuals and legal entities were made.
Restrictive measures included a ban on entry, freezing of accounts. Also,
so-called sectoral sanctions were introduced: the assets of the companies that
came under such sanctions were not frozen, but restrictions were imposed on
medium-and long-term lending.
In response, on
August 6, 2014, Russian President signed a decree "On imposing separate
special economic measures ensuring security for the Russian Federation."
The government imposed restrictions on imports of certain goods from the US,
the European Union, Norway, Australia and Canada based on the document the
following day. Later the list of countries was expanded, and the list of goods
was revised.
After the EU
countries extended sanctions against Russia on June 22, 2015, on June 24, Putin
extended Russia’s countermeasures by another decree for another year.
Subsequently, the counter sanctions were extended twice. The last time the
restrictions were prolonged on July 12, 2018 until the end of 2019.
Source: ITAR-TASS
24-06-2019
