List of countries and territories unfriendly to Russia, approved by the government of the Russian Federation

The government has approved a list of foreign states and territories that commit unfriendly actions against Russia, Russian companies and citizens. The order to this effect has been signed.

The list includes Australia, Albania, Andorra, United Kingdom including Jersey, Anguilla, British Virgin Islands, Gibraltar, European Union Member States, Iceland, Canada, Liechtenstein, Micronesia, Monaco, New Zealand, Norway, Republic of Korea, San -Marino, North Macedonia, Singapore, USA, Taiwan (China), Ukraine, Montenegro, Switzerland, Japan.

The Order was prepared as part of the Decree of the President of March 5, 2022 “On the temporary procedure for fulfilling obligations to certain foreign creditors.”

According to it, Russian citizens and companies, the state itself, its regions and municipalities that have foreign exchange obligations to foreign creditors from the list of unfriendly countries will be able to pay them in rubles. To do this, the debtor can ask a Russian bank to create a special ruble account “C” in the name of a foreign creditor and transfer payments to it in ruble equivalent at the Central Bank exchange rate on the date of payment.

The new temporary procedure applies to payments exceeding 10 million rubles per month (or a similar amount in foreign currency).