Russian President Vladimir Putin issued a retaliatory decree Tuesday to hit “unfriendly” states with export blocks in a move that could further hinder the global market.

The move would look to terminate existing deals and restrict the export of “raw materials and products” from Russia that serve in the interest of certain foreign entities.

The steps are in retaliations for the severe international sanctions that Russia has been hit with following its illegal invasion into Ukraine nearly 70 days ago.

The block would allegedly protect Moscow’s interests and counter “unfriendly actions which contradict international law by the United States of America and foreign states and international organizations that joined them,” Russian media reported.

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