Putin signs decree on retaliatory sanctions against West

From CNN’s Stephanie Halasz

Russian President Vladimir Putin signed a decree announcing retaliatory economic measures in response to the “unfriendly actions” of foreign states and international organizations on Tuesday, according to the document published on the official government’s website.

Putin’s decree prohibits making transactions and fulfilling obligations to foreign individuals and legal entities that have fallen under the sanctions, such as trading and export products and resources, without specifying which individuals or entities may be affected by the measures.

Russian state authorities, organizations and individuals are prohibited “to make transactions (including conclude foreign trade contracts) with legal entities, individuals and organizations under their control, in respect of which special economic measures are applied; to perform before persons, under sanctions, obligations under completed transactions (including concluded foreign trade contracts), if such obligations are not fulfilled or not fully fulfilled,” the document said.

According to the decree, these are the necessary measures to protect Russia’s national interests “in connection with the unfriendly actions of the United States of America and foreign states and international organizations that have joined them, which contradict international law and are aimed at illegally restricting or depriving the Russian Federation, citizens of the Russian Federation and Russian legal entities of the right to property.”

The decree said it is in effect until the economic measures are canceled.

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