Russia publishes list of unfriendly countries in response to sanctions over Ukraine war.
Taiwan has been added to a list of “unfriendly” countries released by Russia on Monday (March 7) in response to global sanctions over its invasion of Ukraine.
The list published by Russian state media includes Ukraine, United States, EU countries, United Kingdom, Canada, Montenegro, Switzerland, Albania, Andorra, Iceland, Liechtenstein, Monaco, Norway, San Marino, North Macedonia, Japan, South Korea, Australia, Micronesia West Asia, New Zealand, Singapore and Taiwan.
Newsweek quoted Russia as saying that Russian companies doing business with these countries now need special authorization from the government. Countries on the list have taken “unfriendly actions against Russia, Russian companies and citizens,” Russia said.
“Russian citizens and companies with foreign exchange obligations to foreign creditors on the list of unfriendly countries, the country itself, its regions and cities will be able to pay in rubles,” the decree added. “The new temporary procedure applies to monthly payments exceeding 10 million rubles (or a similar amount in foreign currency).”
Countries around the world have announced tough sanctions on Russia in response to the Ukrainian invasion. According to Newsweek, the sanctions have caused the value of the ruble to plummet, in addition to lowering the share prices of Russian companies trading overseas.