Poor Poutine. It just had no gravy
Russia says deals with 'unfriendly' countries, including Canada, will require approval
A government statement showed the list of countries included the United States, European Union member states, Britain, Japan, Canada, Norway, Singapore, South Korea, Switzerland and Ukraine.
To make such payments, the government said debtors should open a special type of ruble account with a Russian bank and transfer into it the ruble equivalent of the foreign currency amount owed according to the central bank's official exchange rate on the day of payment.
This temporary arrangement for paying foreign debts applies to payments exceeding 10 million rubles (US$76,046) a month.
Russia said on Monday that all corporate deals with companies and individuals from so-called 'unfriendly countries' would now have to be approved by a government commission, according to a government resolution.
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