Russian President Vladimir Putin banned Tuesday economic relations with sanctioned individuals from "unfriendly countries" on a soon to be published list.
The move was a response to “unfriendly and contradictory to international law actions of the United States and foreign states and international organizations that joined it, which are aimed at illegally depriving and restricting Russia’s and Russian citizens’ property rights,” according to a Kremlin decree.
The export of products and raw materials to “unfriendly” people and entities will be forbidden.
As part of the measure, Putin ordered the government to draft a list of sanctioned figures within 10 days.
Russia has been hit with unprecedented Western sanctions in response to its invasion of Ukraine.