The Russian president has extended the decree that governs measures in response to Western sanctions, including restrictions tied to the food embargo, setting the new validity through December 31, 2024. The official publication of the document appears on the legal information portal, confirming the extension and its effective date.
Historical context shows that this decree was originally adopted in August 2014. It is titled On the Implementation of Certain Special Economic Measures to Ensure the Security of the Russian Federation. Earlier this year, on September 18, the head of state ordered that the decree remain in force for the remainder of 2024, preserving the framework for specialized economic actions tied to national security and energy and food safety concerns.
The formal text notes that the validity of certain special economic measures laid out in the presidential decree should be extended from January 1 to December 31, 2024. The document cites the original date of August 6, 2014 and the decree number 560 as the basis for the extension. The new edition is scheduled to take effect on the day it is signed, ensuring continuity of policy as the year progresses.
In parallel, discussions on the federal budget for 2024 through 2026 continued at the presidential level. The leadership emphasized that the Council of Ministers is steadily completing preparations in this area and highlighted the need to address controversial issues promptly. Putin stressed that there is limited time left to submit the budget project for consideration to the State Duma and urged authorities to reach a conclusive decision. The aim appears to be to finalize the budget framework in a timely manner to support ongoing economic measures and fiscal planning for the coming years.
Public briefings and remarks over the past weeks have increasingly focused on the recovery phase of the Russian economy. The president has repeatedly underscored progress in stabilizing key sectors and maintaining momentum in economic activities despite external pressures. While analysts note a cautious outlook, government officials emphasize resilience and the ongoing implementation of strategic programs designed to bolster growth, transmission of investments, and support for essential industries. The extension of sanctions-related measures alongside budget planning signals a coordinated approach to sustaining economic stability and safeguarding national interests in a challenging external environment. (Source: Portal Legal Information, official statements from the presidency)