The ruble’s value has fallen as a result of Western sanctions over Russia’s invasion of Ukraine.
Moscow:
Russian President Vladimir Putin on Monday banned the transfer of money to residents abroad as part of measures to boost the ruble that has fallen in value as a result of Western sanctions over Russia’s invasion of Ukraine.
A decree signed by Putin also said that exporters would have to keep at least 80 percent of their revenue in roubles to keep the Russian economy going.
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