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President Putin extends counter economic sanctions until 2020

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Christian Fernsby ▼ | June 25, 2019
Vladimir Putin
Russian economy   Vladimir Putin

Russian President Vladimir Putin has signed a decree extending specific economic measures against countries that imposed sanctions against Russia until the end of 2020.

The document has been published on the official portal of legal information.

The president has instructed the government to take steps for the implementation of the decree and, if necessary, to submit proposals for changing the duration of these counter sanctions.

Putin also signed an additional document, which changes the norms of the original decree on counter-sanctions dated August 6, 2014.

In particular, the new document allows for the transit shipments of sanctioned goods through Russia on condition that these goods are "subject to ensuring their traceability by using a control system based on GLONASS technology".

It is also required that such goods must be sealed, and the drivers involved in the transit of this cargo must have the appropriate registration coupons, TASS reported.

The decree now also envisages permission for the import of sanctioned goods by individuals for personal use.

Similar amendments have been made to the decree of October 22, 2018 on counter-sanctions against Ukraine.

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