PRESIDENTIAL DECREE OF THE RUSSIAN FEDERATION

of February 28, 2022 No. 79

About application of special economic measures in connection with unfriendly actions of the United States of America and the foreign states and the international organizations which adjoined them

Due to the unfriendly and contradicting international law actions of the United States of America and the foreign states and the international organizations which adjoined them connected with introduction of rationing arrangements concerning citizens of the Russian Federation and the Russian legal entities for the purpose of protection of national interests of the Russian Federation and according to the Federal Laws of December 30, 2006 No. 281-FZ "About special economic measures and enforcement powers", of December 28, 2010 No. 390-FZ "About safety" and of June 4, 2018 No. 127-FZ "About corrective actions (counteraction) on unfriendly actions of the United States of America and other foreign states" I decide:

1. To residents - participants of foreign economic activity to perform obligatory sale of foreign currency in the amount of 80 percent of the amount of the foreign currency credited since January 1, 2022 into their accounts in authorized banks based on the contracts in foreign trade signed with nonresidents and providing transfer to nonresidents of goods, rendering services to nonresidents, accomplishment for nonresidents of works, transfer of results of intellectual activities to nonresidents including exclusive rights on them no later than three working days from the date of entry into force of this Decree.

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