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Russia puts Ireland on ‘unfriendly country’ list

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Ireland has been named on a Russian the government’s list of “unfriendly countries and territories” following EU sanctions.

his list includes USA, all 27 EU countries, UK, Ukraine and a host of other countries including Switzerland, Norway, Japan, Korea, Australia, Singapore and Taiwan.

According to Russia’s state news agency TASS, these countries are accused of taking “unfriendly actions against Russia, its companies and its citizens”.

The Kremlin approved the list on Monday. That means foreign creditors from the countries on the list can now be paid in rubles for any debt owed by a Russian citizen, company, region or government.

Over the weekend, Moscow issued a decree allowing the state and Russian companies to make payments to foreign creditors in rubles after international sanctions cut off banks, oligarchs, and governments. politicians and the Russian central bank from the global payment system.

The decree applies to payments over 10 million rubles a month, TASS said.

The ruble fell to new lows against the dollar on non-Russian markets on Monday as exchanges in Moscow closed trading due to a bank holiday.

The ruble weakened to 133.5 against the dollar after closing at 121.037 on Friday, according to data from market intelligence firm Refinitiv.

The ruble has lost more than 40pc of value against the dollar since the start of the year, with losses accelerating rapidly following Russia’s invasion of Ukraine on 24 February.

It became increasingly difficult to trade the ruble after several rounds of sanctions.

https://www.independent.ie/business/world/russia-includes-ireland-on-unfriendly-country-list-41419217.html Russia puts Ireland on ‘unfriendly country’ list

Fry Electronics Team

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