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Vladimir Putin signed Executive Order On Special Economic Measures in Connection with Ukraine’s Unfriendly Actions toward Citizens and Legal Entities of the Russian Federation.
The Executive Order reads:
“In response to Ukraine’s unfriendly actions that contradict international law and consist of imposing restrictive measures on citizens and legal entities of the Russian Federation, for the purpose of protecting the national interests of the Russian Federation and in keeping with Federal Law No 127-FZ of June 4, 2018, On Measures (Countermeasures) against Unfriendly Actions of the United States of America and Other Foreign Countries, Federal Law No 281-FZ of December 30, 2006, On Special Economic Measures, and Federal Law No. 390-FZ of December 28, 2010, On Security, I hereby order:
1. Federal government bodies, government bodies of the constituent entities of the Russian Federation and other government agencies, local government bodies, organisations and individuals within the jurisdiction of the Russian Federation, shall proceed in their activity from the premise that certain individuals and legal entities are subject to special economic measures effective from the day this Executive Order comes into force.
2. The Government of the Russian Federation shall:
a) designate individuals and legal entities facing special economic measures;
b) determine special economic measures to be imposed on individuals and legal entities designated as per para. 2(a) hereof;
c) provide for other measures within its scope of authority required for the implementation of this Executive Order.
3. This Executive Order shall enter into force upon its signing and may be cancelled upon the recommendation of the Government of the Russian Federation, if the restrictive measures imposed by Ukraine against the citizens and legal entities of the Russian Federation are lifted.”
October 22, 2018